USDCHF Forecast

The USDCHF didn’t make significant movement last week but overall still able to maintain its bearish bias and keep making lower highs after the false breakout above 0.9320. The bias remains bearish in nearest term testing 0.8950/30. Immediate resistance is seen around 0.9050. A clear break above that area could lead price to neutral zone in nearest term testing 0.9100/40 but overall I still prefer a bearish scenario at this phase.

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