The USDCHF pair attempted to breach the bearish channel’s resistance that appears on chart but it faced the most important resistance at 0.9700, to rebound downwards clearly and settle inside the bearish channel again, which keeps the bearish trend scenario active until now, waiting for more decline in the upcoming sessions.
Therefore, the bearish trend will remain suggested for today unless breaching 0.9700 level and holding above it, to start the negative targets by breaking 0.9578 to extend the bearish wave towards 0.9430 as a next main station.
Expected trading range for today is between 0.9550 support and 0.9700 resistance.
Expected trend for today: Bearish
Origin: Economies
