USDCHF Forecast

The USDCHF had a volatile but indecisive movement yesterday. However, as you can see on my daily chart below, price is now back inside the bullish channel indicating the major bullish scenario remains intact but under a serious threat. Immediate resistance at 1.0610 area. Break above that area could trigger further bullish momentum testing 1.0683 region. Initial support at 1.0500. Break below that area should trigger further bearish momentum re-testing 1.0420 region.

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