The USDCHF pair fluctuates near the main bearish channel’s resistance and settles below it, which keeps the bearish trend scenario valid and active for the upcoming period, waiting to resume the decline to visit 0.9000 as a first main target.
On the other hand, we should note that breaching 0.9145 will stop the expected decline and lead the price to start correctional bullish wave on the intraday and short term basis.
The expected trading range for today is between 0.9040 support and 0.9160 resistance.
The expected trend for today: Bearish
Origin: Economies
