The USDCHF pair pushes negatively on the key support 0.9634 in attempt to break it, as the price falls under continuous negative pressure provided by the EMA50, to support the chances of achieving the mentioned break.
Therefore, we will keep our bearish overview on the intraday and short term basis conditioned by the price stability below 0.9752 – 0.9785 levels, reminding you that breaking 0.9634 level will confirm extending the bearish wave to target 0.9442 level mainly.
Expected trading range for today is between 0.9550 support and 0.9700 resistance.
Expected trend for today: Bearish
Origin: Economies
