The USDCHF price continues to rise to approach 0.8543 level, which urges caution from the upcoming trading, as the price needs to consolidate below this level to keep the negative scenario active, which targets 0.8430 followed by 0.8332 levels as next negative stations.
On the other hand, we should note that breaching 0.8543 and holding above it will lead the price to recover and head towards 0.8673 areas on the near-term basis.
The expected trading range for today is between 0.8450 support and 0.8585 resistance.
Trend forecast: Bearish
Origin: Economies
