The USDCHF pair managed to break the bearish pennant’s support line and settled below 0.9630, which supports the continuation our bearish overview efficiently for the upcoming period, opening the way to head towards our next station that reaches 0.9525.
Therefore, the bearish trend scenario will remain active, noting that holding below 0.9630 represents initial condition to continue the expected decline.
The expected trading range for today is between 0.9550 support and 0.9660 resistance.
The expected trend for today: Bearish
Origin: Economies
