USDCHF Forecast

The USDCHF was indecisive yesterday, made a Doji on daily chart. The bias is neutral in nearest term. The major bullish scenario which started after SNB intervention remains intact but price is now remains in a bearish consolidation phase after found a resistance at 0.9320. Key intraday support remains around 0.8915. A clear break and daily close below that area and the major trend line support (white) could trigger further bearish pressure testing 0.8800 even 0.8550 region. On the upside, immediate resistance remains around 0.9038. A clear break and daily close above that area could trigger further bullish pressure testing 0.9150/80 which could open the door for further upside momentum testing 0.9320.

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