USDCHF Forecast

The USDCHF continued its bullish momentum yesterday, topped at 0.9571 and closed at 0.9560. The bias remains bullish in nearest term testing 0.9600. A clear break and daily close above that area could trigger further bullish scenario testing 0.9700 – 0.9800 area. Immediate support is seen around 0.9500. A clear break below that area could lead price to neutral zone in nearest term testing 0.9462 but overall I remain bullish and still prefer to buy on dips.

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