USDCHF Forecast

The USDCHF continued its bullish momentum yesterday, topped at 0.9537 and hit 0.9544 earlier today. The bias remains bullish in nearest term especially if price able to make a clear break above 0.9546 (last month high) testing 0.9600 – 0.9700 area. Immediate support is seen around 0.9500. A clear break below that area could lead price to neutral zone in nearest term but any downside pullback now is normal and as long as stays above 0.9320, I still prefer a bullish scenario at this phase.

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