The USDCHF pair traded with clear negativity yesterday to reach the thresholds of the waited tareget at 0.9626, falling under the negative pressure formed by the EMA50, to support the chances of breaking the mentioned level and open the way to head towards 0.9541 as a next negative station.
Therefore, we will continue to suggest the bearish trend for the upcoming period unless the price rallied to breach 0.9730 level and hold above it.
The expected trading range for today is between 0.9570 support and 0.9700 resistance.
The expected trend for today: Bearish
Origin: Economies
