USDCHF Forecast

The USDCHF had a strong bullish correction yesterday, but still able to move inside the bearish channel, keep my overall bearish intraday bias intact. The bias is bullish in nearest term but as long as moving inside the bearish channel and below 0.9575 any upside pullback is normal. Immediate support is seen around 0.9500. A clear break below that area could lead price to neutral zone in nearest term testing 0.9420 or lower. On the upside, a clear break above the bearish channel and daily close above 0.9575 will stop the current bearish intraday outlook testing 0.9650.

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