The USDCHF pair opens today’s trading with clear decline after approaching from 1.0200 barrier recently, which hints that the price will face correctional bearish pressure in the upcoming period, and breaking 1.0075 level will confirm the continuation of the bearish bias on the intraday and short term basis.
Therefore, we expect the domination of the bearish trend on the upcoming trading unless the price managed to breach 1.0135 level and hold above it, noting that the expected negative targets start at 1.0005 and extend to 0.9950 after breaking the previous level.
Expected trading range for today is between 1.0000 support and 1.0135 resistance.
Expected trend for today: Bearish
Origin: Economies
