USDCHF Forecast

The USDCHF failed to continued its bullish momentum yesterday, bottomed at 1.0464 and closed at 1.0497. Overall we are still in range area of 1.0675 – 1.0350 and need a break on either side to see clearer direction. Immediate support at 1.0450. Break below that area could trigger further bearish pressure testing 1.0350. Initial resistance at 1.0600 followed by 1.0675. I will stand aside for now.

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