[m.youssif]

USDCHF Forecast
The USDCHF attempted to push lower yesterday, bottomed at 0.9662 but closed higher at 0.9733 in a volatile but unclear movement. The bias is neutral in nearest term but as long as price moves inside the bullish channel we are still in bullish phase. Immediate support at 0.9650. Break below that area could trigger further bearish pressure testing the lower line of the bullish channel and could be a threat to the bullish phase. Initial resistance at 0.9750. Break above that area could trigger further upside pressure testing 0.9803 and 0.9877 area.

[m.youssif]

USDCHF Forecast
The USDCHF attempted to push lower yesterday, bottomed at 0.9662 but closed higher at 0.9733 in a volatile but unclear movement. The bias is neutral in nearest term but as long as price moves inside the bullish channel we are still in bullish phase. Immediate support at 0.9650. Break below that area could trigger further bearish pressure testing the lower line of the bullish channel and could be a threat to the bullish phase. Initial resistance at 0.9750. Break above that area could trigger further upside pressure testing 0.9803 and 0.9877 area.