USDCHF Daily Forecast: May 05

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USDCHF Forecast

The USDCHF was indecisive yesterday, made a Doji on daily chart but now traded below 0.8624 suggests more bearish intraday bias still targeting 0.8500 support area. Price may keep moving in a sideways condition ahead of US NFP tomorrow, but overall my technical outlook remains strongly bearish. Immediate resistance remains around 0.8650 followed by 0.8779.

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