The USDCHF pair succeeded to break the support line that appears on chart to turn into resistance now at 0.9535, which supports the continuation of the expected bearish trend on the intraday and short term basis, opening the way to test 0.9474 level as a next main station.
Therefore, the bearish bias will remain dominant in the upcoming sessions supported by the EMA50, conditioned by the price stability below 0.9595 and the most important below 0.9676, noting that breaking 0.9474 level will extend the bearish wave to reach 0.9243 on the near term basis.
Expected trading range for today is between 0.9400 support and 0.9595 resistance.
Expected trend for today: Bearish
Origin: Economies
