The USDCHF pair traded with clear negativity after confirming breaking 0.9676 level, to head downwards towards our main waited target at the previously recorded low at 0.9474, as the price falls under negative pressure offered by the EMA50, reinforcing the expectations of more decline in the upcoming sessions.
Note that holding below 0.9676 represents key condition to continue the expected decline, as breaching this level forms positive factor that will lead the price for recovery attempts that its targets begin at 0.9800 before any new attempt to decline.
Expected trading range for today is between 0.9500 support and 0.9640 resistance.
Expected trend for today: Bearish
Origin: Economies
