The USD/CHF pair is demonstrating further downward movement, reinforcing the expectation of continued bearish dominance. The next target on the horizon is set at 0.8500, with the potential for additional declines towards 0.8430.
The bearish channel provides structure to this anticipated downward wave. It’s worth noting that breaching the support at 0.8580 could trigger a temporary intraday bullish correction, targeting the 0.8700 region, before resuming the overall bearish trend.
The expected trading range for today is forecasted between the support at 0.8460 and the resistance at 0.8600.
Today’s Trend Expectation: Bearish