USDCHF Forecast

The USDCHF was indecisive on Friday. Price slipped below 0.8460 but unable to stay consistently below that area so far. On h4 chart below we can see price is moving in a range area of 0.8460 – 0.8555 and need a clear break on either side to see clearer direction. I still prefer a bullish intraday outlook since the rejection to move below 0.8325 but need a clear break above 0.8555 to continue the bullish scenario targeting 0.8670 – 0.8710. Aggressive intraday traders can long around 0.8460 with tight stop loss as a clear break below that area could trigger further bearish pressure retesting 0.8325 strong support area.

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