The USDCHF pair hovers around 0.9700 level, while the EMA50 forms continuous negative pressure against the intraday trading, which keeps the chances valid to continue the bearish bias in the upcoming period, waiting to test the key support 0.9578 as a next main station.
Therefore, the bearish trend will remain dominant on the upcoming trading unless breaching 0.9740 level and holding above it.
Expected trading range for today is between 0.9600 support and 0.9740 resistance.
Expected trend for today: Bearish
Origin: Economies
