The USDCHF pair succeeded to achieve our waited target at 0.9588 and broke it to close the daily candlestick below it, which opens the way to extend the bearish wave on the intraday and short term basis, on its way to visit 0.9435 level as a next negative station.
Therefore, we will continue to suggest the bearish trend in the upcoming sessions, noting that breaching 0.9588 and holding above it will stop the suggested decline and leads the price to start recovery attempts on the intraday basis.
The expected trading range for today is between 0.9500 support and 0.9620 resistance.
The expected trend for today: Bearish
Origin: Economies
