The USDCHF pair traded negatively yesterday to move away from 0.9700 level, which supports the continuation of our intraday bearish trend, waiting to test 0.9578 level mainly.
The EMA50 supports the expected decline, which its continuation conditions holding below 0.9740 level, as breaching this level represents positive factor that will lead the price to achieve intraday gains that target 0.9864 level direct.
Expected trading range for today is between 0.9578 support and 0.9700 resistance.
Expected trend for today: Bearish
Origin: Economies
