The USDCHF pair provided additional negative trades yesterday to approach the new target at 0.8300, noticing that the price bounced bullishly to settle above .08400 again, waiting to resume the bearish wave that dominates the short-term and medium-term trades, within the bearish channel that appears on the chart.
On the other hand, we should note that breaching 0.8500 might push the price to build bullish wave and achieve intraday bullish correction before turning back to decline again.
The expected trading range for today is between 0.8335 support and 0.8480 resistance.
The expected trend for today: Bearish
Origin: Economies
