The USDCHF pair declined strongly yesterday to surpass our waited target at 0.9085, paving the way to continue the decline and head towards achieving additional negative targets that reach 0.9000 followed by 0.8920.
Therefore, we will continue to suggest the bearish trend for the upcoming period, taking into consideration that breaching 0.9085 might push the price to achieve some intraday bullish correction before turning back to decline again.
The expected trading range for today is between 0.8980 support and 0.9130 resistance.
The expected trend for today: Bearish