The USDCHF pair continues to decline to approach gradually from our main waited target at 0.9474, which reinforces the continuation of our bearish overview on the intraday and short term basis, which gets continuous support by the EMA50.
Therefore, the negative scenario will remain valid and active for the upcoming sessions unless breaching 0.9676 level and holding above it, reminding you that breaching this level will stop the bearish wave temporarily and push the price towards 0.9800 before detecting the next trend clearly.
Expected trading range for today is between 0.9550 support and 0.9600 resistance.
Expected trend for today: Bearish
Origin: Economies
