The USDCHF pair broke 0.9800 level strongly and closed the daily candlestick below it, which opens the way to continue the correctional bearish pressure on the short term basis, targeting 0.9676 areas in the upcoming period.
Therefore, the bearish bias will be suggested as long as the price is below 0.9800 level, noting that breaking 0.9676 level will extend the pair’s losses to reach the previously recorded low at 0.9474 as a next main station.
Expected trading range for today is between 0.9676 support and 0.9850 resistance.
Expected trend for today: Bearish
Origin: Economies
