The USDCHF pair traded with clear negativity yesterday to break 0.9900 level and settles below it, which provides signals of turning the intraday track to the downside, as the price falls under the negative pressure formed by the EMA50, which is expected to push the price to test 0.9800 level initially.
Therefore, the bearish bias will be expected for the upcoming sessions as long as the price is below 0.9900 level, being aware that we need to monitor the price behavior when reaching 0.9800 level, as breaking it represents the key to extend the bearish wave to reach 0.9676 as a next main station.
Expected trading range for today is between 0.9800 support and 0.9920 resistance.
Expected trend for today: Bearish
Origin: Economies
