The USDCHF pair resumed its negative trading clearly yesterday to break the intraday bearish channel’s support line that appears on the chart, reinforcing the expectations of continuing the bearish trend, and the way is open to achieve our waited target at 0.9100.
Therefore, we will continue to suggest the bearish trend for the upcoming period conditioned by the price stability below 0.9250, noting that breaking the targeted level will extend the bearish wave to reach 0.8990 as a next station.
The expected trading range for today is between 0.9100 support and 0.9200 resistance.
The expected trend for today: Bearish
Origin: Economies
