[m.youssif]

USDCHF Forecast
The USDCHF slipped below the minor bullish channel yesterday but whipsawed to the upside, topped at 0.9997 and closed at 0.9954 in a volatile market. This fact could potentially produced a false breakdown scenario and could continue the upside pressure especially if price make a clear break above 1.0000 targeting 1.0182 area. Immediate support at 0.9850. Break below that area could trigger further bearish pressure testing 0.9800 – 0.9750.

[m.youssif]

USDCHF Forecast
The USDCHF slipped below the minor bullish channel yesterday but whipsawed to the upside, topped at 0.9997 and closed at 0.9954 in a volatile market. This fact could potentially produced a false breakdown scenario and could continue the upside pressure especially if price make a clear break above 1.0000 targeting 1.0182 area. Immediate support at 0.9850. Break below that area could trigger further bearish pressure testing 0.9800 – 0.9750.