USDCHF Forecast
The USDCHF had a moderate bearish momentum yesterday bottomed at 0.9905. The bias is bearish in nearest term especially if price able to make a clear break below 0.9900, which would invalidate the bullish phase, testing 0.9850 region. Immediate resistance is seen around 0.9950. A clear break above that area could lead price to neutral zone in nearest term but would keep the bullish phase alive and kicking testing 1.000 – 1.0050 area.

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