The USDCHF pair finds difficulty to breach the bearish channel’s resistance that appears on the chart, to hint heading to build bearish wave on the intraday basis, and the price needs to break 0.8785 to get negative motive that push the price to achieve negative targets that start at 0.8665 and extend to 0.8560.
Therefore, we expect to witness negative trades in the upcoming sessions, taking into consideration that breaching 0.8850 will stop the expected decline and lead the price to resume the bullish track again.
The expected trading range for today is between 0.8740 support and 0.8870 resistance.
The expected trend for today: Bearish
Origin: Economies
