The USDCHF pair resumed its negative trading to complete forming bearish flag pattern that its signs appear on the chart, as the price confirmed breaking this pattern’s support line to get negative motive that supports the expectations of continuing the bearish trend on the intraday and short term basis, and the way is open to achieve our next target at 0.9250, noting that breaking this level will extend the pair’s losses to reach 0.9035.
Therefore, the expected decline will remain dominant unless the price managed to breach 0.9418 and hold above it.
Expected trading range for today is between 0.9260 support and 0.9400 resistance.
Expected trend for today: Bearish