USDCHF Forecast

The USDCHF was volatile but indecisive yesterday. The bias is neutral in nearest term. My major bullish outlook should remain intact but price is in a bearish correction phase now after broke below the trend line support as you can see on my h4 chart below. Immediate support remains around 0.9050. A clear break and daily close below that area could continue the bearish correction phase testing 0.8915 support area. Immediate resistance is seen around 0.9200. A clear break above that area could trigger further upside pressure testing 0.9320 but we need a clear break and daily close above 0.9320 to end the current bearish correction phase and reactivate my bullish mode. I will keep stand aside for now. Fundamental focus is on the US NFP today, which is expected around 120K.

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