USDCHF Forecast

The USDCHF didn’t make significant movement yesterday. The main scenario remains bearish but we need a consistent move below 1.0500 area to continue the bearish pressure testing 1.0400 before targeting 1.0220 region. On the upside, important resistance at 1.0750. As long as price stay below that area, I still prefer a bearish scenario with short on rallies strategy.

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