USDCHF Forecast

The USDCHF was corrected higher yesterday, topped at 0.9010 and closed at 0.8984. The bias is neutral in nearest term but overall I still prefer a bearish intraday scenario at this phase with short on rallies strategy, testing 0.8800 area and the current bullish correction is normal. On the upside, a clear break and daily close back above 0.9050 would activate my wait and see mode as direction would become unclear.

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