USDCHF Forecast

The USDCHF was indecisive yesterday. Price attempted to push higher, topped at 0.9262 but further bullish pressure was rejected, closed lower at 0.9194. There are no changes in my technical outlook. The bias remains neutral in nearest term with range area to be closely watched between 0.9320 – 0.9050. As long as stays below 0.9320 the bearish scenario since the failure to break above 0.9600 should remain intact and I still prefer a bearish intraday scenario at this phase. Immediate support remains around 0.9175/50 A clear break below that area could trigger further bearish pressure testing 0.9100 – 0.9050 region.

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