USDCHF Forecast

The USDCHF was indecisive yesterday. The bias is neutral in nearest term with potential range between 0.9320 – 0.9050. I still prefer a bearish intraday scenario at this phase and the best place for a sell position is around 0.9320. Immediate support is seen around 0.9190. A clear break below that area could trigger further bearish pressure testing 0.9121 (yesterday’s low) and 0.9050. Immediate resistance is seen around 0.9230/50. A clear break above that area could trigger further bullish pressure testing 0.9320 area.

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