The USDCHF pair bounced downwards clearly after approaching from 0.9700 barrier yesterday, to keep the bearish trend valid in the upcoming period, organized inside the bearish channel that appears on chart, as the price approaches from our first expected target at 0.9578.
Therefore, the bearish trend will remain dominant on the intraday and short term basis conditioned by holding below 0.9700 level, reminding you that breaking the targeted level will push the price to head towards 0.937 as a next main station.
Expected trading range for today is between 0.9530 support and 0.9700 resistance.
Expected trend for today: Bearish
Origin: Economies
