USDCHF Forecast

The USDCHF made another moderate bearish momentum yesterday. On daily chart below we can see that price is now struggling around 1.0500 region which is a key support area during the major strong bearish trend. A consistent movement below that area could trigger further bearish pressure targeting 1.0400 area before testing 1.0220. Immediate resistance at 1.0550 followed by 1.0615 area.

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