USDCHF Forecast

The USDCHF had a bearish momentum yesterday, bottomed at 0.9630 and hit 0.9619 earlier today in Asian session. The bias is bearish in nearest term testing 0.9550. A clear break below that area would give us further bearish continuation validation at least testing 0.9461. Note that we are now entering Christmas season and the end of the year where ranging market is potential. Immediate resistance at 0.9733. Break above that area could trigger further bullish pullback testing 0.9800. CCI is moving up and down between 100 and -100 level on h4 chart suggests that this pair is not a good pair to be traded right now.

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