USDCHF Forecast

The USDCHF attempted to push higher last week, topped at 0.9546 but closed significantly lower at 0.9359 on Friday. As long as stays above 0.9320 any downside correction is still normal and I still prefer a bullish intraday scenario at this phase. The bias is neutral in nearest term. Immediate resistance is seen around 0.9400. A clear break above that area could trigger further bullish pressure testing 0.9500/46 area. On the downside, a clear break and daily close below 0.9320 would postpone the bullish scenario testing 0.9200 support area.

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