The USDCHF pair traded with clear negativity yesterday after forming a strong resistance barrier by the EMA50 against the last positive attempts, to settle below 0.9600 level, reinforcing the continuation of the bearish trend scenario on the short- term basis, and its next target located at 0.9474 level.
Therefore, the bearish trend will remain valid and active for today, conditioned by holding below 0.9676 level.
Expected trading range for today is between 0.9474 support and 0.9676 resistance.
Expected trend for today: Bearish
Origin: Economies
