The USDCHF pair fluctuates around 0.9996 level, as the correctional bearish channel’s resistance meets 61.8% Fibonacci correction level as appears on chart, noting that the EMA50 continues to form negative pressure against the intraday trading, which keeps the negative overview valid until now, waiting to head towards 0.9915 as a next main station.
Therefore, the bearish trend will be suggested in the upcoming sessions conditioned by the stability below 1.0025, reminding you that breaching this level will lead the price to visit 1.0128 areas before determining the next destination clearly.
Expected trading range for today is between 0.9915 support and 1.0062 resistance.
Expected trend for today: Bearish
Origin: Economies
