The USDCHF pair bounced lower clearly after testing 0.9265 level in the last sessions, to approach from our initial negative target at 0.9200, the continuation of the negative pressure is expected to break this level and open the way towards 0.9140 as a next target.
Therefore, the bearish trend scenario will remain valid in the upcoming period conditioned by the price’s stability below 0.9265 level.
The expected trading range for today is between 0.9150 support and 0.9265 resistance.
The expected trend for today: Bearish
Origin: Economies
