The USDCHF pair retested the previously broken 0.9752 level and bounced bearishly from there, to keep the bearish trend dominant on the upcoming trading, supported by the negative pressure formed by the EMA50, waiting to resume the bearish bias and head towards 0.9634 followed by 0.9442 levels as next main stations.
Holding above 0.9752 represents the first protecting factor to the continuation of the suggested negative scenario, as breaching it forms positive factor that might push the price to test 0.9848 areas and might extend to 0.9944 before any new attempt to decline.
Expected trading range for today is between 0.9600 support and 0.9770 resistance.
Expected trend for today: Bearish
Origin: Economies
