USDCHF Forecast

The USDCHF failed to continue its bullish momentum yesterday, bottomed at 0.9660 and closed at 0.9664. Broad Dollar weakness this week prevents further bullish pressure. The bias is neutral in nearest term. We need a clear break above 0.9800 to continue the bullish scenario targeting 1.0000 resistance area. I still prefer a bullish scenario but a break below 0.9550 key support area could be a serious threat to the bullish outlook. I will stand aside for now.

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