USDCHF Forecast

The USDCHF attempted to push lower on Friday, bottomed at 1.1428 but whipsawed to the upside, closed higher at 1.1616 and keep moving higher around 1.1644 at the time I wrote this comment. Overall price still trapped in range area of 1.1695 – 1.1445 but the nearest pressure seems more to the upside testing the 1.1695 area. Consistent move above that area could trigger further bullish momentum targeting 1.1750 and confirm the bullish continuation scenario.

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