The USDCHF attempted to push higher last week but again, found a good resistance around 0.9420/35 and closed lower at 0.9332. The bias is neutral in nearest term and price is still trapped in range area of 0.9420/35 – 0.9250 but as long as stays below 0.9420/35 I still prefer to sell on rallies. On the upside, a clear break and daily close above 0.9435 will interrupt the bearish outlook and activate my bullish intraday mode.
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