[m.youssif]

USDCHF Forecast
The USDCHF attempted to push lower yesterday, bottomed at 0.9586 but whipsawed to the upside and closed higher at 0.9684. This fact keeps the bullish correction scenario intact targeting 0.9730 – 0.9800 resistance area. Immediate support remains around 0.9650. Break below that area could trigger further bearish pressure testing the lower line of the minor bullish channel but only a violation the bullish channel could end this bullish correction phase testing 0.9550 and 0.9460 area.

[m.youssif]

USDCHF Forecast
The USDCHF attempted to push lower yesterday, bottomed at 0.9586 but whipsawed to the upside and closed higher at 0.9684. This fact keeps the bullish correction scenario intact targeting 0.9730 – 0.9800 resistance area. Immediate support remains around 0.9650. Break below that area could trigger further bearish pressure testing the lower line of the minor bullish channel but only a violation the bullish channel could end this bullish correction phase testing 0.9550 and 0.9460 area.