The USDCHF pair traded with strong negativity yesterday to break 0.9864 level and settles with a daily close below it, which puts the price under the negative pressure again, opening the way to target 0.9578 areas in the upcoming period.
Therefore, the bearish bias will be suggested on the intraday and short term basis supported by the negative pressure formed by the EMA50, unless the price managed to breach 0.9864 level and hold with a daily close above it.
Expected trading range for today is between 0.9640 support and 0.9800 resistance.
Expected trend for today: Bearish
Origin: Economies
