USDCHF Forecast

The USDCHF had a significant bullish momentum yesterday, slipped above the major bearish channel and 1.0500 which could be a serious threat to the bearish scenario at least in medium term testing 1.0675 area but the long term trend remains bearish. On the downside, another consistent move below 1.0500 could trigger further downside pressure testing 0.0399 strong support area.

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