USDCHF Forecast

The USDCHF attempted to push higher yesterday, topped at 0.9295 but closed lower at 0.9251. The bias remains neutral in nearest term. My overall technical outlook remains to the upside, but need a clear break and daily close above 0.9320 key resistance area to 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 trigger further bearish pressure testing 0.9100 – 0.9070.

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