The USDCHF pair attempted to breach 0.9626 level yesterday but it returned to settle below this level, as the EMA50 formed good resistance that stopped the price’s positive attempts, thus, our bearish overview will remain valid on the intraday and short term basis, which depends on the price stability below the mentioned level, while our next target is located at 0.9541.
The expected trading range for today is between 0.9540 support and 0.9650 resistance.
The expected trend for today: Bearish
Origin: Economies
