USDCHF Forecast

The USDCHF didn’t make significant movement on Friday but overall still able to maintain its bullish intraday bias since the break above the range area as you can see on my hourly chart below. The bias remains bullish in nearest term especially if price able to make a clear break above 0.8460 but note that the major bearish scenario remains intact and only a clear break above 0.8555 could be a threat to the major bearish scenario. On the downside, another movement back below 0.8381 would lead us to neutral zone in nearest term but would keep the major bearish scenario remains strong testing 0.8325 even lower.

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