USDCHF Forecast
The USDCHF was indecisive yesterday. Price is still trapped inside the rising wedge formation and 0.9650 – 0.9520 range area as you can see on my daily chart below. The bias remains neutral in nearest term. We need a clear break from the range area to see clearer direction. I still prefer a bearish scenario but need a clear break below the rising wedge and 0.9520 to confirm the bearish scenario targeting 0.9425 area. On the upside, a clear break above 0.9650 would invalidate the rising wedge scenario testing 0.9750 or higher. Overall I remain neutral.

FX Instructor Forex Blog – For Traders, By Traders

Leave a Reply