USDCHF Forecast

The USDCHF didn’t make significant movement yesterday. The bias is neutral in nearest term and price could be in a short term consolidation phase but overall I remain bullish on this pair and any downside pullback now is normal unless price breaks back below 0.9320. Immediate resistance is seen around 0.9580 – 0.9600. A clear break and daily close above that area could continue the bullish scenario testing 0.9700 or higher. Immediate support is seen around 0.9450. A clear break and daily close below that area could trigger further bearish pullback testing 0.9320 region.

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