The USDCHF pair provided new negative trades yesterday to test 0.8600 barrier, reinforcing the expectations of continuing the bearish trend on the intraday and short-term basis, organized inside the bearish channel that appears on the chart, noting that we are waiting to visit 0.8552 as a next main target.
Stochastic current positivity might cause some sideways fluctuation before resuming the negative trades, reminding you that holding below 0.8710 represents major condition to the continuation of the bearish wave.
The expected trading range for today is between 0.8530 support and 0.8670 resistance.
The expected trend for today: Bearish
Origin: Economies
