USDCHF Forecast

The USDCHF was indecisive yesterday, made a Doji on daily chart but corrected higher earlier today in Asian session hit 0.9504 on broad risk aversion sentiment. The bias is neutral in nearest term. Immediate resistance at 0.9523 followed by 0.9600.  Overall we are still in a strong bearish outlook but would need a clear break below 0.9435 to continue the bearish scenario targeting 0.9328.  On the upside, a clear break above 0.9600 would give the falling wedge bullish scenario another chance testing 0.9700 – 0.9800 resistance area.

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