USDCHF Forecast

The USDCHF was corrected lower yesterday, bottomed at 0.9476 and hit 0.9464 earlier today. The bias is bearish in nearest term but the current bearish momentum should be seen just as a normal corrective movement and my overall technical bias remains to the upside as long as stays above 0.9320. Immediate resistance is seen around 0.9500/20 area. A clear break above that area could lead price to a neutral zone in nearest term but would keep the major bullish scenario strong testing 0.9600.

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