USDCHF Forecast
The USDCHF attempted to push lower yesterday bottomed at 0.9077 but closed higher at 0.9119. The bias is bearish in nearest term but we have a double bottom formation around 0.9070 support area which need to be clearly broken to the downside to continue the bearish scenario testing 0.9000. Immediate resistance is seen around 0.9160. A clear break above that area could lead price to neutral zone in nearest term testing 0.9205 or higher but overall I still prefer a bearish scenario at this phase and any upside pullback now should be seen as a good opportunity to sell.
