USDCHF Forecast

The USDCHF failed to continue its bullish momentum yesterday. Price attempted to push higher, topped at 0.9081 but whipsawed to the downside, closed at 0.8932 and hit 0.8847 earlier today in Asian session. As you can see on my daily chart below price broke below the trend line support suggests a bearish view testing 0.8800 even 0.8550. Immediate resistance is seen around 0.8947 (current high). A clear break above that area could lead price to neutral zone in nearest term but as long as price stays below 0.9000 my overall intraday bias is now back to the downside.

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