USDCHF Forecast

The USDCHF was corrected lower yesterday bottomed at 0.9690 and closed at 0.9699. The bias is neutral in nearest term but still within a strong bullish scenario after the break above the falling wedge formation. Immediate support at 0.9660 area, which seems to be a good area for a long position with a good risk –reward ratio. Immediate resistance at 0.9782 – 0.9800. Clear break above that area would continue the bullish scenario targeting 1.0000.

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