The USDCHF pair is testing the correctional bearish channel’s resistance, waiting to resume the negative trades to test 0.8968 level that represents our first target, which breaking it represents the key to rally towards 0.8890 as a next negative station.
Therefore, the bearish trend scenario will remain active, supported by the EMA50 that presses negatively on the price, reminding you that it is important to hold below 0.9066 to achieve the suggested targets.
The expected trading range for today is between 0.8930 support and 0.9070 resistance.
The expected trend for today: Bearish
Origin: Economies
