USDCHF Forecast

The USDCHF bullish momentum was paused yesterday and found a good intraday resistance around 0.8945 as you can see on my daily chart below. The bias is neutral in nearest term but still within a strong bullish outlook especially if price able to make another break above 0.8945 testing 0.9320 area. Immediate support remains around 0.8800 – 0.8768. A clear break below that area could trigger further bearish correction testing 0.8700 area but as long as price stays above 0.8550 my bullish reversal scenario should remain strong.

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