The USDCHF pair managed to break 0.9676 level and closed the daily candlestick below it, to confirm opening the way for the continuation of the bearish wave towards 0.9474 areas, and the price falls under continuous negative pressure provided by the EMA50, to support achieving more decline in the upcoming sessions.
Therefore, the bearish bias will remain suggested on the intraday and short term basis, unless breaching 0.9800 level and holding with a daily above it.
Expected trading range for today is between 0.9550 support and 0.9730 resistance.
Expected trend for today: Bearish
Origin: Economies
