USDCHF Forecast

The USDCHF failed to continue its bearish momentum. On daily chart below we can see that price is now back inside the major bullish channel indicating potential false breakdown scenario which not only keep the bullish scenario intact but could trigger significant bullish momentum. However technically this pair is a mess. Immediate resistance at 1.0700. Break above that area should trigger further bullish momentum targeting 1.0750 even 1.0888 area. Initial support at 1.0550.

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