USDCHF Forecast

The USDCHF was indecisive yesterday. The bias is neutral in nearest term but the fact that 0.8274 resistance area still hold so far keep my bearish outlook intact and only a clear break above that area could stop my strong bearish intraday outlook. Immediate support remains around 0.8180. A clear break below that area could change the intraday bias back to bearish retesting the record low 0.8080. However note that from a daily chart point of view, as long as price moves above 0.8080, USDCHF is still in a consolidation phase and need a clear break below 0.8080 to continue the major bearish scenario testing 0.8000.

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