USDCHF Forecast

The USDCHF was indecisive last week but overall still maintain its bullish intraday bias since the failure to move consistently below 0.9050. The bias is bullish in nearest term testing 0.9320. A clear break and daily close above that area could trigger further bullish scenario. Immediate support is seen around 0.9180. A clear break below that area could lead price to neutral zone in nearest term testing 0.9100 support area. On the downside, only a clear break back below 0.9050 would keep the bearish scenario since the failure to break above 0.9600 remains intact.

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