The USDCHF pair managed to break 0.9456 level and hold below it, which supports the continuation of our expectations of extending the bearish wave on the intraday and short term basis, opening the way to head towards 0.9351 as a next main station.
Therefore, we are waiting for more decline in the upcoming sessions, supported by the negative pressure formed by the EMA50, noting that it is important to hold below 0.9456 to continue the suggested bearish trend.
The expected trading range for today is between 0.9360 support and 0.9500 resistance.
The expected trend for today: Bearish
Origin: Economies
