The USDCHF price succeeded to achieve our waited target at 0.8543, noticing that the price begins today with additional negativity to attack this level and attempt to hold below it, to support the chances of continuing the bearish trend in the upcoming sessions and pave the way to achieve additional negative targets that reach 0.8430 as a next negative station.
Therefore, we expect to witness more decline on the intraday basis, taking into consideration that failing to confirming breaking 0.8543 will stop the negative scenario and lead the price to start bullish wave that its first main target located at 0.8673.
The expected trading range for today is between 0.8460 support and 0.8600 resistance.
Trend forecast: Bearish
Origin: Economies
