The USDCHF pair fluctuates at the minor bullish channel’s support line that appears on chart, waiting to break this level to confirm activating the negative effect of the bearish flag pattern formed by this channel followed by pushing the price to continue the decline on the intraday and short term basis, as the negative targets begin at 0.9578 followed by 0.9437.
Therefore, our bearish overview will remain valid in the upcoming period unless we witnessed clear breach to 0.9700 followed by 0.9765 levels and hold above them.
Expected trading range for today is between 0.9530 support and 0.9700 resistance.
Expected trend for today: Bearish
Origin: Economies
