USDCHF Forecast

The USDCHF attempted to push higher yesterday, topped at 1.1695 but closed significantly lower below 1.1595. The bias is neutral in nearest term as direction is unclear so far, but we are still in the context of major bullish scenario. Immediate support at 1.1500 area. Break below that area could trigger further bearish pressure testing 1.1445 area. Initial resistance at 1.1650. Break above that area could trigger further bullish momentum testing 1.1695 and 1.1750 region.

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