USDCHF Forecast

The USDCHF had a bearish significant bearish momentum on Friday after failed to make a break above 0.9330 and now seems ready for a retest of 0.9233 key support area. A clear break and a daily close below 0.9233 would continue the bearish continuation scenario targeting 0.9100 – 0.9000. Immediate resistance at 0.9260. Break above that area would lead us to neutral zone in nearest term retesting 0.9330 but overall the technical bias remains strongly to the downside.

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