USDCHF Forecast

The USDCHF made another volatile but indecisive movement on Friday. There are no changes in my daily technical outlook. The bias is neutral in nearest term. The H&S bearish scenario remains intact but price still unable to make a clear break below the neckline around 0.8779. We need a clear break below that level to confirm the H&S bearish scenario targeting 0.8710 and 0.8555. Immediate resistance remains around the right shoulder at 0.8881. A clear break above that area will cancel the H&S scenario testing 0.8945.

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