The USDCHF pair shows more negative trading to head towards our next main waited target at 0.9474, as the EMA50 continues to push negatively on the intraday and short term trading, reinforcing our expectations of more decline in the upcoming period.
Therefore, we will continue to suggest the bearish trend for today as long as the price is below 0.9676 level, noting that breaking the targeted level will open the way to extend the pair’s losses on the medium term basis.
Expected trading range for today is between 0.9474 support and 0.9676 resistance.
Expected trend for today: Bearish
Origin: Economies
