USDCHF Forecast

The USDCHF attempted to push higher yesterday, topped at 1.0617 but whipsawed to the downside and closed lower at 1.0524. This fact could trigger further bearish pressure testing 1.0500 – 1.0480 support area today. Break below that area could resume the major bearish scenario targeting 1.0400 and 1.0220 region. Immediate resistance at 1.0550 followed by 1.0617.

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