The USDCHF pair traded positively yesterday to breach the bearish channel’s resistance and settles above it, but it’s still below 0.9000 barrier, to keep the chances valid to resume the main bearish trend, which targets testing 0.8900 level initially.
Therefore, we will keep our bearish overview conditioned by the the price stability below 0.9000, as breaching it will push the price to achieve additional gains that start at 0.9045 followed by 0.9100.
The expected trading range for today is between 0.0.8900 support and 0.9010 resistance.
The expected trend for today: Bearish
Origin: Economies
