USDCHF Forecast

The USDCHF had a bullish momentum yesterday and now testing 0.9200 resistance area. The bias is bullish in nearest term especially if price able to make a clear break above 0.9200 but note that overall there are no significant changes where price remains sideways and as long as stays below 0.9320 I still prefer a bearish intraday scenario as a part of the bearish phase since the failure to break above 0.9600. The potential range is wide enough to make intraday trading activity trickier so be patient and do not rush jump into the market. Immediate support is seen around 0.9150. A clear break below that area could lead price to neutral zone in nearest term testing 0.9100 – 0.9050 area.

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