The USDCHF pair bounced downwards clearly to start pressing on the key support 0.8775, to hint potential turn to decline and stop the correctional bullish scenario that dominated the recent trades, and we prefer to stay aside until the price confirms its situation according to the mentioned level followed by detecting the next destination clearly.
Note that confirming breaking 0.8775 will push the price to achieve negative targets that start at 0.8720 and extend to 0.8655, while consolidating above it represents positive factor that will push the price to visit 0.8825 again.
The expected trading range for today is between 0.8690 support and 0.8840 resistance.
The expected trend for today: Neutral
Origin: Economies
