The USDCHF price bounced bearishly after testing 0.9835 level in the previous sessions, which supports the continuation of our bearish overview in the upcoming period, supported by the negative pressure formed by the EMA50, waiting to target 0.9766 level as a next station.
Note that breaking the targeted level will extend the bearish wave to reach 0.9680 on the near term basis, while the expected decline will remain valid conditioned by the price stability below 0.9835.
Expected trading range for today is between 0.9740 support and 0.9850 resistance.
Expected trend for today: Bearish
Origin: Economies
