USDCHF Forecast

The USDCHF regained its bearish momentum yesterday, bottomed at 0.9431 and closed at 0.9470. The bias is neutral in nearest term and price has been moving in a range area between 0.9431 – 0.9562 in the last two days. As long as stays inside the bearish channel and below 0.9575 my overall intraday bias remains to the downside testing 0.9320. On the upside, a clear break above the channel and daily close above 0.9575 will stop the bearish outlook.

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