The USDCHF pair resumed its negative trading to succeed reaching the waited target at 0.8552, and it might witness some temporary bullish bias affected by stochastic positivity before turning back to decline again, as we suggest the continuation of the overall bearish trend within the bearish channel that appears on the chart, noting that the next target reaches 0.8500.
On the other hand, we should note that breaching 0.8590 will stop the expected decline and push the price to start recovery attempts that target visiting 0.8710 areas before any new attempt to decline.
The expected trading range for today is between 0.8480 support and 0.8620 resistance.
The expected trend for today: Bearish
Origin: Economies
