The USDCHF was indecisive yesterday. The bias is neutral in nearest term but as long as stay above 0.9800 my overall intraday bias remains bullish targeting 1.0000 region. On the downside, a clear break and daily close back below 0.9800 could trigger further bearish pressure testing 0.9760 – 0.9700 region. My major technical outlook is neutral.
USDCHF Forecast The USDCHF had a bearish momentum yesterday bottomed at 0.9633. The bias remains bearish in nearest term testing 0.9570 and the trend line support which also remains a good place to buy with a tight stop loss. Immediate resistance is seen around 0.9700. A clear break above that area could lead price to neutral zone in nearest term testing 0.9750/70 area. My major technical outlook remains neutral.
The USDCHF was indecisive yesterday. As you can see on my H1 chart below, price slipped above the minor bearish channel suggests a potential bullish outlook. The bias is neutral in nearest term probably with a little bullish bias testing 1.0325/50 area. Immediate support is seen around 1.0250 followed by 1.0200.
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