The USDCHF price managed to achieve our first waited target at 0.8430, showing more decline to support the expectations of extending the bearish wave on the intraday and short-term basis, paving the way to head towards 0.8332 as a next main target.
Therefore, the bearish trend will remain valid and active for the upcoming period, supported by the negative pressure formed by the EMA50, reminding you that the continuation of the bearish trend requires holding below 0.8543.
The expected trading range for today is between 0.8350 support and 0.8490 resistance.
Trend forecast: Bearish
Origin: Economies
