USDCHF Forecast

The USDCHF failed to continue its bearish correction yesterday and now slipped back above 0.9320. The bias is neutral in nearest term. My overall technical outlook remains to the upside but need a clear break and daily close at least above 0.9400 to keep the bullish scenario strong testing 0.9500/46 area. On the downside, any clear movement back below 0.9320 would keep the bearish correction remains strong testing 0.9200 – 0.9170 support area.

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