USDCHF Daily Forecast: August 18

By @ibtimes on

USDCHF Forecast

The USDCHF was indecisive yesterday. Price made another upside attempted, but found a good resistance around 0.8000 as you can see on my h4 chart below. The bias is neutral in nearest term. Overall price is still in a bullish correction phase after the appearance of the hammer formation but need a clear break and daily close above 0.8000 to continue the bullish scenario testing 0.8275. Immediate support remains around 0.7750 followed by 0.7650. As long as price stays above 0.7650 my overall intraday bias remains to the upside.

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