USDCHF Forecast

The USDCHF broke below 0.8325 yesterday, bottomed at 0.8274 (new historical low) but closed higher at 0.8323. There were some downside pressure earlier today in Asian session which keep price below 0.8325 suggests potential further downside pressure retesting 0.8274 even aim for another historical low projection around 0.8200. On the upside, only a clear break back above 0.8325 could stop the current strong bearish continuation outlook but overall my technical bias remains strongly to the downside.

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