The USDCHF pair trades negatively and press on the key support 0.8825 since yesterday, to hint the possibility of stopping the bullish correction and head to return to the main bearish track again.
Now, we prefer to stay aside until the price confirms its situation according to the mentioned level, as breaking it represents negative key that will push the price to decline towards 0.8775 initially, while consolidating above it represents the key to resume the bullish wave that its next target located at 0.8890.
The expected trading range for today is between 0.8760 support and 0.8900 resistance.
The expected trend for today: Neutral
Origin: Economies
