USDCHF Forecast

The USDCHF was indecisive yesterday but bounced higher earlier today in Asian session testing 0.9330 resistance area. Overall we are still in a strong bearish outlook but a clear break above 0.9330 would trigger further upside correction testing 0.9435, which is also the 38.% Fibo retracement of 0.9773 – 0.9233.  On the downside, we need a clear break below 0.9233 to continue the major bearish outlook targeting 0.9100 and 0.9000 psychological level this week.

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