The USDCHF had another volatile but indecisive movement yesterday but overall still able to maintain its bearish intraday bias so far. The bias is neutral in nearest term. Overall I still prefer a bullish scenario at this phase but a clear break below 0.9750 could trigger further bearish pressure testing 0.9670 – 0.9600 key support area. Immediate resistance remains around 0.9800 followed by 0.9870, which need to be broken to the upside to continue the major bullish scenario.
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