The USDCHF pair’s recent trades confined within rising wedge pattern that its signs appear on the chart, as the price started today with bearish bias to break this pattern’s support line and attempts to hold below it, which leads the price to start bearish correction that targets 0.9730 followed by 0.9626 levels a next main stations.
Therefore, the bearish bias will be expected for today, noting that breaching 0.9860 will stop the negative scenario and push the price to resume the main bullish trend again.
The expected trading range for today is between 0.9700 support and 0.9860 resistance.
The expected trend for today: Bearish
Origin: Economies
