USDCHF Forecast

The USDCHF made a significant bullish correction yesterday, topped at 0.9515 and closed at 0.9478. The bias is bullish in nearest term testing 0.9550 and the upper line of the bearish channel. A clear break above the bearish channel could be a threat to the current bearish outlook with potential bullish reversal scenario testing 0.9750 area. Immediate support at 0.9440. Break below that area would keep the major bearish scenario remains strong testing 0.9350/00 support area.

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