USDCHF Forecast

The USDCHF had a significant bearish momentum yesterday. On daily chart below we can see that price break below the major bullish channel indicating potential bullish failure and a new bearish phase at least testing 1.0420 region. Immediate resistance at 1.0610/40 area. Break above that area could be seen a false breakdown scenario which could trigger significant bullish just like what happened on April 01 and keep the bullish scenario intact.

Related Posts:

  • USDCHF Daily Forecast: April 02
  • USDCHF Daily Forecast: April 01
  • USDCHF Daily Forecast: April 13
  • USDCHF Daily Forecast: April 05
  • USDCHF Daily Forecast: April 12
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