The USDCHF pair bounced bearishly after testing the main bearish channel’s resistance that appears on the chart, which keeps the bearish trend scenario valid and active for the upcoming period, which targets 0.9000 level as a next main station.
We should note that breaching 0.9135 will push the price out of the mentioned bearish channel and push the price to start bullish correction that its targets begin by testing 0.9190 and extend to 0.9305 after surpassing the previous level.
The expected trading range for today is between 0.9040 support and 0.9160 resistance.
The expected trend for today: Bearish
Origin: Economies
