The USDCHF pair’s recent trades are confined within minor bullish channel that appears on the chart, which forms bearish flag pattern that we expect to push the price to resume the bearish track again, to head towards testing 0.9060 level initially, noting that breaking this level will push the price to test 0.9000 barrier direct.
Therefore, we expect to witness negative trades in the upcoming sessions, supported by the technical indicators’ negativity, noting that breaching 0.9150 will stop the expected decline and lead the price to achieve gains that reach 0.9316 areas.
The expected trading range for today is between 0.9050 support and 0.9190 resistance.
The expected trend for today: Bearish
Origin: Economies
