USDCHF Forecast

The USDCHF had another indecisive movement yesterday, made another Doji on daily chart. There are no changes in my technical outlook. The bias remains bearish in nearest term testing 0.9050 key support area. A clear break and daily close below that area would reactivate my bearish mode. Immediate resistance is seen around 0.9140/50. A clear break above that area could lead price to neutral zone in nearest term testing 0.9200 area. However I prefer to stand aside for now as we haven’t seen a good trending market so far suggests consolidation phase.

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