The USDCHF pair returned to decline after testing the EMA50, attempting to break 0.9712 level, waiting to confirm the break to reinforce the expectations of extending the bearish wave on the intraday and short term basis, as our next target is located at 0.9590.
Therefore, we are waiting for more decline in the upcoming sessions unless the price rallied to breach 0.9770 level and hold above it.
The expected trading range for today is between 0.9730 support and 0.9860 resistance.
The expected trend for today: Bullish