The USDCHF pair shows negative trades now in attempt to resume the expected bearish wave on the intraday and short-term basis, waiting to test 0.8520 level that represents our first target, noting that breaking it will push the price to 0.8450 as a next negative station.
Therefore, the bearish trend scenario will remain valid and active for the upcoming period unless the price rallied to breach 0.8660 and hold above it.
The expected trading range for today is between 0.8480 support and 0.8610 resistance.
The expected trend for today: Bearish
Origin: Economies