USDCHF Forecast

The USDCHF didn’t make significant movement on Friday, but as you can see on my h4 chart below price slipped below the minor bullish channel indicates potential further bearish pressure in nearest term especially if price able to move consistently below 0.9800 testing 0.9756/25 support area and the lower line of the major bullish channel.  Immediate resistance at 0.9850 – 0.9900.  Above 0.9900, 1.0000 resistance area would be next upside target.

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