USDCHF Forecast

The USDCHF continued its upside correction yesterday, topped at 1.0675 but closed lower at 1.0603. The bias is neutral in nearest term but we are still in upside correction phase testing 1.0750 area. Immediate support at 1.0550. Consistent move below that area could be a serious threat to the upside correction scenario testing 1.0479 and 1.0400  area before testing 1.0220 in longer term.

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