USDCHF Daily Forecast: May 09

By @ibtimes on

USDCHF Forecast

The USDCHF continued its bullish correction on Friday, slipped above 0.8779 but still unable to stay consistently above that area so far. The bias remains bullish in nearest term especially if price able to make a clear break above 0.8779 targeting 0.8900. Immediate support at 0.8710. A clear break below that area would lead us to neutral zone in nearest term testing 0.8624. The major bearish scenario remains intact but need a clear break below 0.8555 to continue the major bearish scenario.

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