The USDCHF price declined strongly in the previous sessions to surpass 0.8673 level and succeed achieving our extend target at 0.8545, starting today with additional decline to attack this level and hint heading to provide additional negative trades on the intraday and short-term basis, noting that the next negative station reaches 0.8455.
Therefore, we expect to witness more decline in the upcoming sessions, taking into consideration that the consolidation of 0.8545 level against the current negative pressure will lead the price to start recovery attempts and head to test 0.8673 initially.
The expected trading range for today is between 0.8460 support and 0.8600 resistance.
Trend forecast: Bearish
Origin: Economies
