The USDCHF pair shows sideways trading recently and settles below the broken support of the bullish channel, as the price falls under continuous negative pressure coming by the EMA50, which supports the expectations of continuing the bearish trend in the upcoming sessions, waiting to visit 0.9800 level as a next main station.
On the other hand, we should note that breaching 0.9970 will stop the negative scenario and push the price to return to the main bullish channel that appears on the chart.
The expected trading range for today is between 0.9850 support and 0.9970 resistance.
The expected trend for today: Bearish
Origin: Economies
