The USDCHF pair traded with strong negativity yesterday to succeed achieving our extended target at 0.8430, starting today with more decline to head towards targeting new areas that reach 0.8300.
Therefore, we expect the continuation of the bearish trend domination on the short-term and medium-term basis, noting that breaching 0.8500 will stop the current negative pressure and push the price to achieve some temporary bullish correction.
The expected trading range for today is between 0.8320 support and 0.8460 resistance.
The expected trend for today: Bearish
Origin: Economies
