USDCHF Forecast

The USDCHF made another insignificant movement yesterday. There are no changes in my technical outlook where price remains in consolidation phase between 0.8000 – 0.7770 but still within a context of bullish correction phase after the appearance of the hammer formation on August 09, still making new higher highs and lows on daily chart. I am still in a wait and see mode but expecting a clear break and daily close above 0.8000 to reactivate my bullish intraday mode, targeting 0.8275.

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