USDCHF Forecast

The USDCHF failed to continue its bullish correction yesterday but still able to move above 1.0560/40 support area so far. The bias is neutral in nearest term. Consistent move below 1.0560/40 and a break below the trendline support (red) could end the upside correction testing 1.0500 – 1.0480 before targeting 1.0399 key support area. On the upside, 1.0675 – 1.0750 remains the bullish correction nearest targets.

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