USDCHF Forecast

The USDCHF failed to continue its bullish intraday bias yesterday, bottomed at 0.9139 and closed at 0.9155. The bias is neutral both in short and medium term where overall price remain sideways and unclear. I think we should stay away from this pair for now. Immediate resistance is seen around 0.9180. A clear break above that area could trigger further bullish pressure testing 0.9221 – 0.9250 area. On the downside, a clear break below 0.9125 could trigger further bearish pressure testing 0.9050 region.

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