The USDCHF pair provided negative trades after 0.9488 proved its strength against the recent positive attempts, to keep the bearish trend scenario valid efficiently in the upcoming period, supported by the EMA50 that pushes negatively on the price, waiting to test 0.9373 initially.
Breaking the mentioned level will extend the bearish wave to reach 0.9300 as a next station, while holding below 0.9488 represents key condition to achieve the suggested targets.
Expected trading range for today is between 0.9360 support and 0.9500 resistance.
Expected trend for today: Bearish