USDCHF Forecast
The USDCHF continued its bearish momentum yesterday bottomed at 0.9256 but traded higher earlier today hit 0.9347. The bias remains bearish in nearest term retesting 0.9256 area. A clear break below that area could trigger further bearish pressure testing 0.9150 region. Immediate resistance is seen around 0.9395. A clear break above that area could lead price to neutral zone in nearest term testing 0.9450 area but overall I remain bearish. Potential daily range today is seen between 0.9255 – 0.9395.
