USDCHF Forecast

The USDCHF was indecisive last week, trapped in range area of 0.8000 – 0.7770 as you can see on my h4 chart below. The bias is neutral in nearest term. Overall price is still in bullish correction phase since 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 region. On the downside, a clear break back below 0.7770 could trigger further bearish pressure testing 0.7650 region.

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