The USDCHF pair provided new positive trades to test the bearish channel’s resistance line, keeping its stability below this resistance, to resume the negative trades and head towards achieving new decline in the upcoming sessions, targeting 0.8860 followed by 0.8800 levels as next stations.
The continuation of the bearish wave requires holding below 0.8930 level, as breaching it represents the key to start bullish correction that targets testing 0.9075 areas initially.
The expected trading range for today is between 0.8810 support and 0.8960 resistance.
The expected trend for today: Bearish
Origin: Economies
