USDCHF Forecast

The USDCHF continued its bullish momentum yesterday, broke above 0.9600 and hit 0.9639 earlier today. The bias remains bullish in nearest term testing 0.9700 – 0.9800. Immediate support is seen around 0.9600. A clear break back below that area could lead price to neutral zone in nearest term but only a clear break back below 0.9500 could interrupt the strong bullish outlook and I still prefer to buy on dips.

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