The USDCHF pair bounced downwards clearly after testing 0.8825 in the previous sessions, to start pressing on the key support 0.8775 now, which hints heading to stop the bullish correction and resume the main bearish track again.
Therefore, we expect to witness more bearish bias in the upcoming sessions, and the first target is represented by visiting 0.8720 level, taking into consideration that failing to break 0.8825 will stop the negative scenario and lead the price to achieve new gains.
The expected trading range for today is between 0.8690 support and 0.8840 resistance.
The expected trend for today: Bearish
Origin: Economies
