The USDCHF pair traded with strong negativity yesterday to settle below 0.9600 level, reinforcing our expectations to continue the bearish trend on the intraday and short term basis, and the way is open to visit the previously recorded low at 0.9442 as a next main target.
Therefore, the bearish bias will remain dominant on the upcoming trading supported by the EMA50, unless breaching 0.9634 followed by 0.9752 levels and holding above them.
Expected trading range for today is between 0.9442 support and 0.9634 resistance.
Expected trend for today: Bearish
Origin: Economies
