The USDCHF pair traded with clear negativity yesterday to touch the bearish channel’s support line that appears on the chart, and it might be forced for some temporary rise and a potential test to 0.9850 before continuing the bearish trend.
In general, we will continue to suggest the bearish trend as long as the price is stable below 0.9850, supported by the negative pressure formed by the EMA50, reminding you that our main target is located at 0.9723.
Expected trading range for today is between 0.9723 support and 0.9850 resistance.
Expected trend for today: Bearish
Origin: Economies
