The USDCHF pair provided additional negative trades yesterday to surpass our first extended target at 0.8660, confirming the continuation of the bearish trend domination on the intraday and short-term basis, organized inside the bearish channel that supports the chances of heading towards the previously recorded low at 0.8552 as a next main station.
Therefore, we will continue to suggest the bearish trend for the upcoming period unless the price rallied to breach 0.8710 and hold above it.
The expected trading range for today is between 0.8570 support and 0.8710 resistance.
The expected trend for today: Bearish
Origin: Economies
