USDCHF Forecast

The USDCHF attempted to push higher yesterday, slipped above 0.9320 but whipsawed to the downside on broad US Dollar weakness and closed lower at 0.9217. The bias is bearish in nearest term especially if price able to make a clear break below 0.9200 testing 0.9050 – 0.9000 support area. On the upside, only a clear break and daily close back above 0.9320 could stop the current strong bearish intraday outlook after the failure to break above 0.9600 this month.

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