USDCHF Forecast

The USDCHF bearish correction was stopped on Friday, topped at 0.9573 and closed at 0.9517. The bias is bullish in nearest term testing 0.9600 resistance area. A clear break and daily close above that area could trigger further bullish scenario testing 0.9700 – 0.9800 region. Immediate support is seen around 0.9500. A clear break back below that area could lead price to neutral zone in nearest term testing 0.9400 region but as long as stays above 0.9320 my overall technical bias remains to the upside and any downside pullback/consolidation now is normal.

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