The USDCHF pair continues to provide the calm positive trades to approach gradually from the EMA50 that forms resistance now at 0.9800, and as long as the price is below 0.9864, our bearish overview will remain valid in the upcoming sessions, waiting to surpass 0.9700 support base to open the way to head towards 0.9578.
Note that breaching 0.9864 followed by 0.9864 levels will stop the current negative pressure and lead the price to continue the rise on the longer term basis, which will target the high recorded by the end of last year at 1.0326.
Expected trading range for today is between 0.9670 support and 0.9800 resistance.
Expected trend for today: Bearish
Origin: Economies
