The USDCHF pair succeeded to break 0.9626 level and closed the daily candlestick below it, reinforcing the expectations of extending the correctional bearish wave, on its way to visit 0.9541 level that represents our next station.
Therefore, we will continue to suggest the bearish trend for the upcoming period, supported by the negative pressure formed by the EMA50, noting that the continuation of the bearish wave requires holding below 0.9626.
The expected trading range for today is between 0.9540 support and 0.9650 resistance.
The expected trend for today: Bearish
Origin: Economies
