USDCHF Forecast

The USDCHF was corrected higher yesterday, topped at 0.9440 and closed at 0.9401. The bias is neutral in nearest term. We are still in major bearish scenario but would need a clear break below 0.9300 to continue the bearish pressure testing 0.9200 area. On the upside, further bullish correction above 0.9440 could trigger further upside pressure testing 0.9525 resistance area in nearest term but unless price break above the falling wedge formation and consistently move above 0.9600, the major scenario remains to the downside.

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