USDCHF Forecast

The USDCHF attempted to push lower yesterday, bottomed at 0.9756 but whipsawed to the upside and closed higher at 0.9878. On h4 chart below we can see price is moving in a wide bullish channel reflects a major bullish scenario but with potential big downside corrections. The bias is bullish in nearest term testing 1.0000. We need a clear break above 1.0000 to continue the bullish scenario targeting 1.0182. Immediate support at 0.9850. Break below that area could lead us to neutral zone in nearest term re-testing 0.9756.

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