USDCHF Forecast

The USDCHF had a significant bearish momentum yesterday, closed below 0.8080 and hit a new record low at 0.8004 earlier today in Asian session. The bias remains bearish in nearest term especially if price able to make a clear break below 0.8000 psychological level, aiming for a new record low around 0.7900. On the upside, another move back above 0.8080 could lead price to neutral zone in nearest term testing 0.8150 region but overall my intraday bias remains strongly to the downside.

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