[m.youssif]

USDCHF Forecast
The USDCHF was indecisive yesterday, but had some bearish pressure earlier today in Asian session, struggling around 0.9550 support area. The bias is bearish in nearest term especially if price able to make a clear break below 0.9550 targeting 0.9461. Immediate resistance at 0.9600 (current high). Break above that area could lead us to neutral zone in nearest term but as long as price moves inside the bearish channel we are still in major bearish outlook.

[m.youssif]

USDCHF Forecast
The USDCHF was indecisive yesterday, but had some bearish pressure earlier today in Asian session, struggling around 0.9550 support area. The bias is bearish in nearest term especially if price able to make a clear break below 0.9550 targeting 0.9461. Immediate resistance at 0.9600 (current high). Break above that area could lead us to neutral zone in nearest term but as long as price moves inside the bearish channel we are still in major bearish outlook.