The USD/CHF continues to decline – Analysis – 27/07/2023

chf_forexThe USDCHF pair shows more bearish bias to trade below 0.8600 level now, to support the continuation of the expected bearish trend on the intraday and short-term basis, and the way is open to achieve our next target at 0.8520.

The EMA50 supports the suggested bearish wave, which will remain valid unless breaching 0.8655 and holding above it.

The expected trading range for today is between 0.8500 support and 0.8655 resistance.

The expected trend for today: Bearish

Origin: Economies

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