The USDCHF pair resumes its negative trading after confirming breaking 0.9723 level, which supports the continuation of our bearish overview in the upcoming period, supported by the negative pressure formed by the EMA50, and the way is open to achieve our next target at 0.9620.
Holding below 0.9723 is important to continue the suggested decline, as breaching it will lead the price to start recovery attempts that target testing 0.9850 areas initially.
Expected trading range for today is between 0.9600 support and 0.9723 resistance.
Expected trend for today: Bearish
Origin: Economies
