USDCHF Forecast

The USDCHF failed to continue its bullish momentum yesterday, bottomed at 0.9387 and hit 0.9376 earlier today in Asian session. The bearish correction was a little bit stronger than I had expected, but as long as stay above 0.9320 I still prefer a bullish scenario. Immediate resistance is seen around 0.9400. A clear break above that area could trigger further bullish pressure testing 0.9500.

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