USDCHF Forecast

The USDCHF was corrected higher yesterday. On h4 chart below we can see that the minor trendline resistance did a good job preventing further upside pressure so far. The bias is neutral in nearest term. A movement above the minor trendline resistance could give us some space for further upside correction testing 1.1170 even 1.1245 area but as  long as price move inside the bearish channel the main outlook remains bearish.  On the downside, 1.0920 area remains the nearest downside target.

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