USDCHF Forecast
The USDCHF had a bullish momentum last week topped at 0.9583 but closed a little bit lower at 0.9537. The bias is neutral in nearest term. Price is moving inside a rising wedge formation as you can see on my daily chart below. Key support is seen at the support/lower line of the rising wedge located around 0.9470. A clear break and daily close below that area would confirm the rising wedge bearish scenario testing 0.9350 – 0.9250 area. Immediate resistance is seen around 0.9580. A clear break above that area could trigger further bullish pressure testing 0.9650 region. Overall I remain neutral.

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