USDCHF Forecast
The USDCHF attempted to push higher yesterday topped at 0.9954 but closed a little bit lower at 0.9935 in a thin market condition. The bias is neutral in nearest term. Price is still trapped inside a range area between 1.0055 – 0.9785 as you can see on my H4 chart below. Immediate resistance is seen around 0.9954 (yesterday’s high). A clear break above that area could trigger further bullish pressure testing 1.0000 area but key resistance remains at 1.0055 region which is a good place to sell with a tight stop loss. Immediate support is seen around 0.9900. A clear break below that area could trigger further bearish pressure testing 0.9855 – 0.9785 support area which is a good place to buy with a tight stop loss.

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