The USDCHF pair begun today’s trading with strong negativity to surpass our first target at 0.9935, but it returns to rise and moves above the mentioned level, approaching from retesting the critical resistance at 1.0010, which represents the first protection factor for the suggested bearish trend scenario in our last reports.
In general, we keep preferring the bearish trend on the intraday and short term basis if the price settled below 1.0070 level, pointing that confirming breaking 0.9935 will open the way towards our next target at 0.9864.
Expected trading range for today is between 0.9864 support and 1.0010 resistance.
Expected trend for today: Bearish
Origin: Economies
