The USDCHF pair broke 0.8968 level strongly to rally downwards and approaches our new waited target at 0.8890, and continues to move within the bearish channel that appears on the chart, which supports the continuation of the bearish bias to surpass the last level and open the way to visit 0.8810 as a next target.
Therefore, our bearish overview will remain valid for the upcoming period unless breaching 0.8968 and holding above it.
The expected trading range for today is between 0.8850 support and 0.8980 resistance.
The expected trend for today: Bearish
Origin: Economies
