The USDCHF pair’s recent trades are confined within symmetrical triangle that its signs appear on the chart, thus, the price needs to surpass one of its lines represented by 0.9080 support and 0.9120 resistance to detect its next destination clearly.
Therefore, we will continue with our neutrality until now, noting that breaching the mentioned resistance will push the price to test 0.9190 level initially, while breaking the support will press on the price to resume the main bearish track that targets 0.9000 level as a first negative station.
The expected trading range for today is between 0.9050 support and 0.9180 resistance.
The expected trend for today: Neutral
Origin: Economies
