USDCHF Forecast

The USDCHF had a moderate bearish momentum last week after the failure to break above 0.9320 key resistance area. Nearest term bias remains bearish testing 0.9050 but still need a clear break and daily close below 0.9050 to reactivate my bearish mode as a part of the bearish scenario since the failure to break above 0.9600 at least testing 0.8950/30 support area. Immediate resistance is seen around 0.9100. A clear break above that area could trigger further bullish pullback testing 0.9140 – 0.9200 and keep price in sideways condition a little bit longer.

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