The USDCHF pair bounced downwards clearly after facing solid resistance at 0.9225, to head towards achieving new bearish correction on the intraday basis, targeting testing 0.9066 areas initially, noting that breaking this level will push the price to test the next correctional level at 0.8970.
Therefore, the bearish bias will be expected for today unless the price rallied to breach 0.9180 followed by 0.9225 and hold above them.
The expected trading range for today is between 0.9050 support and 0.9200 resistance.
The expected trend for today: Bearish
Origin: Economies
