USDCHF Forecast

The USDCHF had another volatile but indecisive movement yesterday. There are no changes in my technical outlook.  Price has been moving sideways between 0.9221 – 0.9140/25 since last week. Overall price is still in a bullish intraday phase since the failure to make a clear break below 0.9050 but need a clear break above 0.9221 to continue the bullish scenario testing 0.9320. Immediate support is seen around 0.9140/25. A clear break below that area could trigger further bearish pressure testing 0.9050 region. Aggressive intraday traders can long around 0.9140/25 or short around 0.9221 with a tight stop loss.

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