USDCHF Forecast

The USDCHF didn’t make significant movement yesterday. The bias is neutral in nearest term but overall price has been making lower highs since fell from 0.9299. Price also still trapped in the range area as you can see on my daily chart below and need a clear break from the range area to see clearer direction. As long as stays below 0.9320 I still prefer a bearish intraday scenario at this phase as a part of the bearish scenario after the failure to break above 0.9600 but need a clear break and daily close below 0.9050 to continue the bearish scenario at least testing 0.8950.

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