The USDCHF pair bounced lower clearly yesterday after testing 1.0100 level, approaching from our main waited target at 0.9990 now, waiting for more of the downside moves in the upcoming session, pointing that breaking the mentioned level will extend the bearish wave to reach the recorded bottom at 0.9859 as a next main station.
Therefore, we will keep preferring the bearish trend on the intraday and short term basis unless witnessing clear breach and stability above 1.0100.
Expected trading range for today is between 0.9950 support and 1.0100 resistance.
Expected trend for today: Bearish