The USDCHF price bounced downwards clearly to start pressing on 0.8543 level and attempt to break it, to hint potential return to the bearish track, but we notice that the technical indicators provide positive signals that might assist to push the price to recover again, to face contradiction between the technical factors that makes us prefer to stay aside until we get clearer signal for the next trend.
Note that confirming breaking 0.8543 will push the price to continue the decline and achieve negative targets that start at 0.8465 followed by 0.8400, while consolidating above it will lead the price to resume the bullish wave that its next main target reaches 0.8673.
The expected trading range for today is between 0.8470 support and 0.8600 resistance.
Trend forecast: Neutral
Origin: Economies
