The USDCHF pair’s recent trades are confined within bearish pennant pattern that appears on the chart, thus, breaking 0.8590 will activate the negative effect of this pattern and push the price to resume the bearish wave, which targets 0.8520 followed by 0.8450 levels as next main stations.
Therefore, we will continue to suggest the bearish trend for the upcoming period, which gets good support by the technical indicators, reminding you that it is important to hold below 0.8680 to achieve the suggested targets.
The expected trading range for today is between 0.8500 support and 0.8650 resistance.
The expected trend for today: Bearish
Origin: Economies
