USDCHF Forecast
The USDCHF had a bearish momentum last week after the FOMC, bottomed at 0.9623 but closed higher at 0.9744. The bias is neutral in nearest term. Important intraday range to closely watched is seen between 0.9730 – 0.9850. A clear break and daily close above 0.9850 could trigger further bullish pressure testing 0.9900 – 0.9980. On the other hand, a clear break below 0.9730 could trigger further bearish pressure retesting 0.9623 area.
