USDCHF Forecast

The USDCHF was corrected lower yesterday after unable to make a break above 0.8555. The bias is neutral in nearest term with potential range between 0.8460 – 0.8555. We need a clear break on either side to see clearer direction. I still prefer a bullish scenario and expect a clear break above 0.8555 testing 0.8670 – 0.8710. On the other hand, a clear break back below 0.8460 could trigger further bearish pullback retesting 0.8325 key/strong support area. Potential sideways market on Friday, I prefer to stand aside and enjoy my weekend.

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