USDCHF Forecast

The USDCHF had a bearish momentum yesterday on broad US Dollar weakness, bottomed at 0.9108. The bias is bearish in nearest term testing 0.9050. A clear break below that area could continue the bearish scenario since the failure to break above 0.9600 at least testing 0.8950 area. Immediate resistance is seen around 0.9150. A clear break above that area could lead price to neutral zone in nearest term and keep price in the range area a little bit longer but as long as stays below 0.9320 I still prefer a bearish intraday scenario at this phase.

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