USDCHF Forecast

The USDCHF continued its bullish momentum yesterday, topped at 0.8882 and closed at 0.8860. Former resistance 0.8779 provided a good intraday support as you can see on my h4 chart below. The bias remains bullish in nearest term testing 0.8900. A clear break above that area would trigger further bullish momentum targeting 0.9000. On the downside, only a clear break back below 0.8779 could halt the current strong bullish intraday outlook since the violation to the major bearish channel.

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