The USDCHF attempted to push lower yesterday, bottomed at 0.9086 but closed higher at 0.9134. Overall price is still moving sideways and there are no changes in my technical outlook. I still prefer a bearish intraday scenario at this phase as long as stays below 0.9320. Immediate resistance is seen around 0.9170 – 0.9200. A clear break above that area could trigger further bullish pressure testing 0.9250 – 0.9320 area. On the downside, we need a clear break and daily close below 0.9050 to continue the bearish scenario since the failure to break above 0.9600.
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