The USDCHF pair provides more strong negative trades to reach our waited target at 0.9700, falling under more negative pressure that makes us expect the continuation of the bearish bias in the upcoming period, supported by the EMA50, noting that breaking the mentioned level will extend the bearish wave to target 0.9588 as a next main station.
We should note that failing to break 0.9700 barrier might push the price to start recovery attempts that target testing 0.9835 areas initially.
The expected trading range for today is between 0.9640 support and 0.9760 resistance.
The expected trend for today: Bearish
Origin: Economies
