USDCHF Daily Forecast: July 18

USDCHF Forecast

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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