USDCHF Forecast

The USDCHF continued its bullish momentum yesterday, topped at 1.0507 but corrected significantly earlier today in Asian session traded around 1.0420 at the time I wrote this comment. The bias should remains to the upside but we have CCI divergence indicating potential upside minor correction and potential profit taking activity on Friday testing 1.0380 – 1.0320 area. We need consistent movement above 1.0450 area to continue the bullish scenario towards 1.0700.

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