USDCHF Forecast

The USDCHF didn’t make significant movement yesterday. The bias remains neutral in nearest term but still within a major bearish scenario. I think I will stand aside for now and see further development. Immediate resistance remains at 1.0750 area. Break above that area could trigger further upside correction. On the downside, Initial support at 1.0577. Break below that area could trigger further bearish pressure testing 1.0500 before targeting 1.0220 in longer term view.

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