USDCHF Forecast

The USDCHF was able to maintain its bullish bias yesterday but still unable to make a clear break above 0.9600 resistance so far. The bias remains bullish in nearest term. Price has been moving sideways between 0.9600 – 0.9500 and need a clear break from the range area to see clearer direction. I still prefer a bullish scenario at this phase and expect a breakout above 0.9600 testing 0.9700 – 0.9800 region. On the downside, 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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