USDCHF Forecast
The USDCHF had a bearish momentum last week bottomed at 0.9493. The bias remains bearish in nearest term especially if price able to make a clear break below 0.9490 testing 0.9450 – 0.9400. Buying around 0.9490 is still a good idea, with a tight stop loss. Immediate resistance is seen around 0.9550. A clear break above that area could lead price to neutral zone in nearest term testing 0.9600 area.
