USDCHF Forecast

The USDCHF didn’t make significant movement yesterday. The bias remains neutral in nearest term with potential daily range between 0.8000 – 0.7770 and need a clear break on either side to see clearer intraday direction. The bullish scenario since the appearance of the hammer formation remains intact but would need another break above 0.8000 to continue the bullish correction scenario retesting 0.8275. On the downside, a clear break back below 0.7770 would be a threat to the hammer formation bullish scenario.

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