[m.youssif]

USDCHF Forecast
The USDCHF was volatile yesterday but overall still showed no significant technical movement and still trapped in range area of 1.0000 – 0.9850. I am still in wait and see mode until we have a clear break from the range area. So far price still able to maintain position above the triangle so I am expecting a break to the upside. Aggressive intra-day traders may short around 1.0000 or long around 0.9850 with tight stop loss. Clear break above 1.0000 could trigger further bullish continuation targeting 1.0182 area. Immediate support at 0.9920/00. Break below that area could trigger further bearish pressure testing 0.9850 but only a clear break below 0.9850 could be a threat to the bullish outlook testing 0.9800 – 0.9750.

[m.youssif]

USDCHF Forecast
The USDCHF was volatile yesterday but overall still showed no significant technical movement and still trapped in range area of 1.0000 – 0.9850. I am still in wait and see mode until we have a clear break from the range area. So far price still able to maintain position above the triangle so I am expecting a break to the upside. Aggressive intra-day traders may short around 1.0000 or long around 0.9850 with tight stop loss. Clear break above 1.0000 could trigger further bullish continuation targeting 1.0182 area. Immediate support at 0.9920/00. Break below that area could trigger further bearish pressure testing 0.9850 but only a clear break below 0.9850 could be a threat to the bullish outlook testing 0.9800 – 0.9750.