The USDCHF pair bounced clearly to the downside after approaching from retesting 0.9676 level yesterday, which supports the continuation of our bearish overview efficiently for the upcoming period, reinforced by the negative pressure provided by the EMA50.
Therefore, we believe that the way is open to head towards 0.9474 as a next main station, noting that holding below 0.9676 represents key condition to continue the expected decline for today.
Expected trading range for today is between 0.9474 support and 0.9676 resistance.
Expected trend for today: Bearish
Origin: Economies
