USDCHF Forecast

The USDCHF slipped above the flag formation as you can see on my h4 chart below, but we have no significant upside breakout so far and price made another Doji formation on daily chart. Three Dojis since Thursday is more than enough to show us that price is now consolidating. The bias remains neutral in nearest term. I still prefer a bullish scenario with 0.9750 – 0.9800 remains the nearest bullish target. Immediate support remains around 0.9600 followed by 0.9550.

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