USDCHF Daily Forecast: May 23

By @ibtimes on

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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