The USDCHF pair broke 0.9730 level strongly to suffer clear losses and approaches 0.9630 level now, and we suggest the continuation of the negative pressure to surpass this level and head towards 0.9525 as a next negative target.
Therefore, we expect to witness more decline in the upcoming sessions, noting that breaching 0.9730 will stop the negative pressure and lead the price to start recovery attempts on the intraday basis.
The expected trading range for today is between 0.9580 support and 0.9700 resistance.
The expected trend for today: Bearish
Origin: Economies
