USDCHF Forecast

The USDCHF made another indecisive movement yesterday. As long as price still moves inside the bullish channel, price is still in a bullish correction phase still testing 0.9368, but we haven’t seen a clear momentum in the last seven days as easily seen on a daily chart. The bias is neutral in nearest term and I will stand aside from this pair for now. Immediate support at 0.9200 followed by 0.9130. A clear break below 0.9130 and violation to the bullish channel could end this bullish correction phase retesting 0.9000 – 0.8900 support area.

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