The USD/CHF pair resumed negative trading to approach our waited target at 0.8885, noting that moving inside the bearish channel supports the chances of surpassing the mentioned level, followed by opening the way to achieve additional negative targets that reach 0.8810.

Therefore, we will continue to suggest a bearish trend for the upcoming period supported by the negative pressure formed by the EMA50, reminding you that it is important to hold below 0.8968 to continue the expected decline.

The expected trading range for today is between 0.8830 support and 0.8960 resistance.