USDCHF Daily Forecast: July 07

By @ibtimes on

USDCHF Forecast

The USDCHF was volatile but indecisive yesterday. The bias is neutral in nearest term. Overall the major bearish scenario remains strong but price is still in consolidation phase and need a clear break below 0.8274 to continue the bearish scenario aiming for new historical low. Immediate support remains at 0.8330 followed by 0.8274. Immediate resistance remains around 0.8450. A clear break above that area could trigger further bullish pullback testing 0.8555 key resistance area.

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