The USDCHF pair made new test to 0.9770 level and bounced bearishly from there, to keep the bearish trend scenario valid and active for the upcoming period, supported by the negative pressure formed by the EMA50, waiting to break 0.9712 level to confirm extending the bearish wave towards 0.9590, reminding you that it is important to hold below 0.9770 to continue the expected decline.
The expected trading range for today is between 0.9680 support and 0.9780 resistance.
The expected trend for today: Bearish
Origin: Economies
