The USDCHF pair bounced downwards clearly after testing the previously broken support of the bullish channel that appears on the chart, to head towards our first target at 0.9373, supported by the negative pressure formed by the EMA50.
Therefore, we will continue to suggest the bearish trend in the upcoming period unless breaching 0.9488 – 0.9515 levels and holding above them.
Expected trading range for today is between 0.9370 support and 0.9515 resistance.
Expected trend for today: Bearish