The USDCHF pair resumed its negative trading to approach our waited target at 0.8970, noting that the bearish channel supports the chances of continuing the bearish bias and surpass the mentioned level to open the way to achieve additional negative targets that extend to 0.8890.
Therefore, we will continue to suggest the bearish trend for the upcoming period unless the price rallied to breach 0.9066 and hold above it.
The expected trading range for today is between 0.8930 support and 0.9060 resistance.
The expected trend for today: Bearish
Origin: Economies
