USDCHF under the negative pressure – Analysis - 13-03-2018

The USDCHF pair traded negatively yesterday to break 0.9488 and settles below it, which stops the positive effect of the recently mentioned bullish pattern and push the price to decline again, targeting heading towards 0.9373 initially.

Therefore, the bearish bias will be expected for today unless the price managed to breach 0.9488 and hold above it again, as breaching it will extend the correctional bullish wave to target 0.9581 areas direct.

Expected trading range for today is between 0.9400 support and 0.9520 resistance.

Expected trend for today: Bearish