The USDCHF pair provided positive trading yesterday, but it stopped at the EMA50 that formed solid resistance barrier at 0.9800, to keep the negative pressure valid until now, waiting to decline to break 0.9700 level followed by opening the way to head towards our main target at 0.9578.
Therefore, our bearish trend expectations will remain active unless breaching 0.9800 followed by 0.9864 levels and holding above them.
Expected trading range for today is between 0.9670 support and 0.9800 resistance.
Expected trend for today: Bearish
Origin: Economies
