USDCHF Forecast

The USDCHF attempted to push higher yesterday, topped at 0.9733 but whipsawed to the downside, bottomed at 0.9637 and closed at 0.9646. On h4 chart below we can see price is now testing the lower line of the minor bullish channel. Clear break below the channel could end the upside correction phase re-testing 0.9550. Immediate resistance at 0.9650 (current high). Break above that area would keep the bullish correction intact re-testing 0.9733 – 0.9800.

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