USDCHF Forecast

The USDCHF was indecisive yesterday. The only technically clue I can see right now is that price is making higher lows in the last three days indicating potential upside pressure in nearest term but overall we are still trapped in range area of 1.0675 – 1.0350. Immediate resistance at 1.0480. Break above that area could trigger further upside pressure testing 1.0550. On the downside, only a clear break below 1.0350 could trigger bearish continuation scenario testing 1.0220.

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