The USDCHF pair provided more negative trades yesterday to approach our waited target at 0.9723, as it broke the bearish channel’s support line that appears on the chart, which puts the price under more expected negative pressure in the upcoming period, noting that breaking the mentioned level will extend the bearish wave to reach 0.9620 as a next station.
Therefore, the bearish trend will remain suggested in the upcoming period unless breaching 0.9850 level and holding above it.
Expected trading range for today is between 0.9700 support and 0.9820 resistance.
Expected trend for today: Bearish
Origin: Economies
