The USDCHF pair made an attempt to breach 0.9730 level, but it returned to settle below it, therefore, the bearish trend scenario will remain valid on the intraday and short term basis, waiting for visiting 0.9626 level as a next main target.
The EMA50 forms a negative pressure that supports the suggested decline, which will remain valid conditioned by holding below 0.9730 level.
The expected trading range for today is between 0.9650 support and 0.9770 resistance.
The expected trend for today: Bearish
Origin: Economies
