The USDCHF price resumed its negative trades yesterday to test the EMA50, waiting for more bearish bias to achieve negative targets that start at 0.8400 and extend to 0.8332, to keep the bearish trend valid and active for the upcoming period.
Holding below 0.8543 represents major condition to the continuation of the expected decline, as breaching it will lead the price to build bullish wave that targets 0.8610 followed by 0.8673 areas as main positive stations.
The expected trading range for today is between 0.8390 support and 0.8510 resistance.
Trend forecast: Overall bearish
Origin: Economies
