USDCHF Forecast

The USDCHF was indecisive yesterday. Price is still struggling around the upper line of the range area around 0.9330 without consistent momentum. The bias is neutral in nearest term but the major bearish scenario remains intact and I still prefer a bearish scenario at this phase especially if price able to make a clear break below 0.9280 testing 0.9230 key support area. Immediate resistance at 0.9368. A clear break above that area would change the intraday technical bias to bullish testing 0.9435 but overall the major bearish scenario should remains intact.

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