The USDCHF pair resumed its negative trades yesterday to approach our waited target at 0.9626, to keep the bearish trend scenario active on the intraday and short term basis, supported by the negative pressure formed by the EMA50, noting that breaking the mentioned level will extend the bearish wave to reach 0.9541 as a next station.
On the other hand, we should note that breaching 0.9730 will stop the expected decline and leads the price to resume the main bullish trend again.
The expected trading range for today is between 0.9600 support and 0.9700 resistance.
The expected trend for today: Bearish
Origin: Economies
