USDCHF Forecast

The USDCHF had a bullish momentum on Friday, topped at 1.0643 and closed at 1.0617. The fact that price still able to move inside the major bullish channel indicating the major bullish scenario remains intact but we need a consistent move above 1.0640 and violation to the minor bearish channel to continue bullish scenario towards 1.0888 even 1.1000 area. Immediate support at 1.0560 area. Break below that area could trigger further bearish momentum re-testing 1.0420 region and could be a serious threat to the bullish scenario.

Related Posts:

  • USDCHF Daily Forecast: March 26
  • USDCHF Daily Forecast: March 23
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  • USDCHF Daily Forecast: March 17
  • USDCHF Daily Forecast: March 18
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