The USDCHF pair recent trading is organized inside bearish channel that appears on chart, and according to the trading rules inside the channels, the price is on its way to resume the bearish bias after touching this channel’s resistance in the last sessions, especially that the EMA50 keeps pushing negatively on the price.
Therefore, we are waiting for negative trading in the upcoming sessions, and the next target is located at 0.9864, noting that holding below 1.0010 represents initial condition to continue the suggested bearish trend.
Expected trading range for today is between 0.9864 support and 0.9965 resistance.
Expected trend for today: Bearish
Origin: Economies
