USDCHF Forecast

The USDCHF was corrected lower yesterday slipped below 0.8945 but still unable to stay below that area so far and now testing 0.9000 area. Price is still in a bearish consolidation phase but a clear break above 0.9000 could trigger further bullish pressure testing 0.9050/80 area. I still prefer a bullish scenario at this phase and any downside pullback now should be seen as a corrective move, but we need a clear break and daily close at least above 0.9100 to potentially end the current bearish consolidation phase.

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