USDCHF Forecast

The USDCHF continued its bullish momentum yesterday, topped at 0.9300 and closed at 0.9283. The bias remains bullish in nearest term but note that price is still moving sideways without clear direction as you can see on my daily chart below. Selling around 0.9320 is not a bad intraday trading plan. A clear break and daily close above 0.9320 could lead price to a new bullish scenario after more than three months of choppy condition. Immediate support is seen around 0.9250. A clear break back below that area could lead price to neutral zone in nearest term testing 0.9200 area.

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