USDCHF Forecast

The USDCHF failed to continue its bearish correction phase in Friday, topped at 0.9240 and closed at 0.9210. The bias is bullish in nearest term testing 0.9320 key resistance area. A clear break and daily close above that area could end the bearish correction phase and continue the bullish scenario testing 0.9400 – 0.9500. Immediate support is seen around 0.9200 – 0.9170 area. A clear break below that area could lead price to neutral zone in nearest term testing 0.9100 – 0.9070 support area.

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