The USDCHF pair succeeded to achieve our waited target at 0.9723 and keeps pressing negatively to break this level and settles below it, which opens the way to extend the correctional bearish wave to target 0.9620 areas as next main station.
Therefore, we suggest the continuation of the bearish bias in the upcoming sessions supported by the negative pressure formed by the EMA50, noting that holding below 0.9723 represents the first condition to continue the expected decline.
Expected trading range for today is between 0.9620 support and 0.9760 resistance.
Expected trend for today: Bearish
Origin: Economies
