USDCHF Forecast
The USDCHF was corrected lower yesterday and hit 0.9880 earlier today. The bias is bearish in nearest term testing 0.9820 area but I believe this is just a normal correction. Overall I still prefer a bullish scenario at this phase and any downside pullback should be seen as a good opportunity to buy targeting 1.0000 – 1.0050 area with a tight stop loss below 0.9820. Immediate resistance is seen around 0.9925. A clear break above that area could lead price to neutral zone in nearest term but would keep the bullish scenario remains strong.
