USDCHF Forecast

The USDCHF had a moderate bearish momentum yesterday. The bias remains neutral in nearest term. Price has been moving sideways since November 11. I still prefer a bullish scenario at this phase but need a clear break and daily close above 0.9200/35 resistance area to continue the bullish scenario testing 0.9320. Immediate support remains around 0.9100 followed by 0.9050. A clear break and daily close below 0.9050 could trigger further bearish pullback but only a clear break and daily close below 0.8915 would cancel the bullish outlook.

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