[m.youssif]

USDCHF Forecast
The USDCHF was corrected lower yesterday, bottomed at 0.9570 , closed at 0.9619 and traded around 0.9663 earlier today in Asian session at the time I wrote this comment. The bias is neutral in nearest term but as long as price move inside the bullish channel overall we are still in bullish phase. Immediate resistance at 0.9715 – 0.9750. Initial support at the lower line of the bullish channel and 0.9550 area. Break below that area could be a threat to the bullish scenario testing 0.9450.

[m.youssif]

USDCHF Forecast
The USDCHF was corrected lower yesterday, bottomed at 0.9570 , closed at 0.9619 and traded around 0.9663 earlier today in Asian session at the time I wrote this comment. The bias is neutral in nearest term but as long as price move inside the bullish channel overall we are still in bullish phase. Immediate resistance at 0.9715 – 0.9750. Initial support at the lower line of the bullish channel and 0.9550 area. Break below that area could be a threat to the bullish scenario testing 0.9450.