USDCHF Forecast

The USDCHF continued its bearish momentum yesterday, bottomed at 0.9402 and closed at 0.9423. The bias remains bearish in nearest term still targeting 0.9300 especially if price able to make another strong break below 0.9400. Immediate resistance at 0.9435. Break above that area could lead us to neutral zone in nearest term but as long as price moves below 0.9550 we are still in a strong bearish outlook.

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