USDCHF Forecast

The USDCHF continued its bullish momentum last week, topped at 0.9610 and closed at 0.9588 on Friday. There are no changes in my technical outlook. The bias remains bullish in nearest term especially if price able to make a clear break and daily close above 0.9600 testing 0.9700 – 0.9800. On the downside, only a clear break and daily close back below 0.9500 could interrupt the current strong bullish outlook but as long as stays above 0.9320 I still prefer to buy on dips.

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