The USDCHF price bounced downwards clearly after testing 0.8543 in the previous sessions, to approach our first waited negative target at 0.8430, and we suggest surpassing this level to head towards the previously recorded low at 0.8332.
Therefore, we will continue to suggest the bearish trend for the upcoming period, supported by the negative pressure formed by the EMA50, noting that breaching 0.8543 will stop the expected decline and lead the price to start recovery attempts on the intraday basis.
The expected trading range for today is between 0.8390 support and 0.8530 resistance.
Trend forecast: Bearish
Origin: Economies
