USDCHF Forecast

The USDCHF had a moderate bearish momentum yesterday, bottomed at 0.9089 and closed at 0.9105. There are no changes in my technical outlook and direction remains unclear. Potential daily range remains between 0.9080 – 0.9200. Immediate resistance is seen around 0.9120. A clear break above that area could trigger further bullish pressure testing 0.9200. On the downside, a clear break below 0.9080 could trigger further bearish pressure testing 0.9050 – 0.9000 region.

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