USDCHF Forecast

The USDCHF had a bearish momentum yesterday but still unable to make a break below 0.8274 key support area so far. The bias is bearish in nearest term but note that overall price is still trapped in range area of 0.8555 – 0.8274 and aggressive intraday traders can still long around 0.8274 with tight stop loss as a clear break below 0.8274 could continue the major bearish scenario testing 0.8200 – 0.8100 region. Immediate resistance at 0.8375. A clear break above that area would lead price to neutral zone in nearest term testing 0.8440 and keep price in this sideways condition a little bit longer.

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