USDCHF Forecast

The USDCHF failed to continue its bullish momentum yesterday, bottomed at 0.9200 and closed at 0.9232. The bias is bearish in nearest term but only a clear break back below 0.9200 would give another chance for the bearish scenario after the failure to break above 0.9600 retesting 0.9100 – 0.9050 area. Immediate resistance is seen around 0.9250. A clear break above that area could trigger further bullish pressure retesting 0.9320/30 key resistance area.

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