Despite the positive start of the USDCHF pair, the price closed the daily candlestick below 0.9712, which forms good factor that supports the expectations of continuing the main bearish trend, which targets 0.9590 level as a next station.
Therefore, we will continue to suggest the bearish trend in the upcoming period, and the price needs to trade below 0.9712 again to reinforce the negative overview.
The expected trading range for today is between 0.9650 support and 0.9770 resistance.
The expected trend for today: Bearish
Origin: Economies
