USDCHF Forecast

The USDCHF was corrected lower yesterday, bottomed at 0.9017 and closed at 0.9057. The bias is neutral in nearest term but as long as stays above 0.8915 I still prefer a bullish scenario at this phase, still testing 0.9320 area. Immediate support is seen around 0.9017 (yesterday’s low). A clear break below that area could trigger further bearish correction testing 0.8950/15. Immediate resistance is seen around 0.9100. A clear break above that area could end the current bearish correction phase, testing 0.9150 – 0.9320 region.

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