USDCHF Forecast

The USDCHF continued its bearish momentum yesterday and slipped below 0.9230 earlier today in Asian session but still unable to consistently move below 0.9230 so far. The bias is bearish in nearest term especially if price able to make a clear break below 0.9200 targeting 0.9100 before testing 0.9000. Immediate resistance at 0.9270. A clear break above that area would lead us to neutral zone in nearest term testing 0.9330/68 but the major scenario remains strongly to the downside.

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