The USDCHF pair provided strong negative trades yesterday to reach the thresholds of the waited target at 0.8930, and the price faces more negative pressure that makes us suggest the continuation of the bearish trend in the upcoming period, as the next target reaches 0.8840.
Therefore, we expect witnessing more decline on the intraday and short term basis, noting that holding below 0.8975 is important to continue the expected bearish trend.
The expected trading range for today is between 0.8860 support and 0.8990 resistance.
The expected trend for today: Bearish
Origin: Economies
