The USDCHF pair managed to touch our first waited negative target at 0.9730, and the correctional bearish trend still dominant in the upcoming sessions as long as the price is stable below 0.9800 amd 0.9840 levels, waiting to break 0.9730 to confirm extending the bearish wave towards 0.9656.
Therefore, we will continue to suggest the bearish trend on the intraday basis, noting that stochastic current positivity might push the price to test 0.9800 level again before turning back to decline again.
Expected trading range for today is between 0.9670 support and 0.9820 resistance.
Expected trend for today: Bearish