USDCHF Forecast

The USDCHF continued its bearish momentum yesterday, bottomed at 0.9560 but closed higher at 0.9610. The bias is neutral in nearest term but still within the context of a bearish reversal scenario after violated the major bullish channel. Immediate support at 0.9550. Clear break below that area could trigger further bearish pressure targeting 0.9460.  Immediate resistance at 0.9665 – 0.9700.

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