USDCHF Daily Forecast: September 05

USDCHF Forecast

The USDCHF had a bullish momentum yesterday, topped at 0.9588 after found good intraday support around 0.9500. The bias is neutral in nearest term but as long as stays below 0.9650 price is still in a bearish correction phase. Immediate support is seen around 0.9550. A clear break below that area would keep the bearish correction phase remains strong testing 0.9500 – 0.9420 support area. On the upside, a clear break back above 0.9650 could end the current bearish correction phase, keep the major bullish scenario remains intact and activate my bullish mode.

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