USDCHF Forecast

The USDCHF attempted to push lower on Friday, slipped below the minor bullish channel, bottomed at 0.9557 but whipsawed to the upside, topped at 0.9719 and closed at 0.9686 in a volatile market. Although the major outlook remains to the downside, looks like we may have a bottom at this phase with key support area at 0.9550 – 0.9461 which could be a good support in the end of the year. Immediate resistance at 0.9733. Break above that area could trigger further upside pullback testing 0.9800.

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