USDCHF Forecast

The USDCHF continued its bearish correction yesterday and slipped below 0.9660. The bias is bearish in nearest term testing 0.9600 but I still believe that the major bullish scenario remains intact and the current bearish pressure is normal unless price make a clear break below 0.9600 which would activate my wait and see mode but with more bearish intraday bias. Immediate resistance at 0.9720. Break above that area could end the bearish correction re-testing 0.9800 before targeting 1.0000 area.

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