The USDCHF pair completed forming the rising wedge pattern mentioned yesterday after breaking its support line, to activate the negative effect of this pattern, which supports the continuation of our bearish overview for the upcoming period, waiting to target 0.9752 followed by 0.9634 levels mainly.
Therefore, the bearish bias will be suggested on the intraday and short term basis supported by the EMA50, unless breaching 0.9848 followed by 0.9944 levels and holding above them.
Expected trading range for today is between 0.9700 support and 0.9848 resistance.
Expected trend for today: Bearish
Origin: Economies
