USDCHF Forecast

The USDCHF attempted to push higher yesterday, topped at 0.8833 but further bullish momentum was rejected, closed lower below 0.8779 and hit 0.8686 earlier today in Asian session. This fact keeps the major bearish scenario strong still targeting 0.8600 in nearest term before targeting 0.8500 area. On the upside, only a consistent move above 0.8779 could trigger further upside correction testing 0.8900 but overall the technical bias remains strongly to the downside.

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