USDCHF Daily Forecast: October 23

USDCHF Forecast

The USDCHF didn’t make significant movement yesterday. There are no changes in my technical outlook. The bias is neutral in nearest term but overall as long as stays below 0.9420/35 I still prefer to sell on rallies. Immediate resistance remains around 0.9290. A clear break above that area could trigger further bullish pressure testing 0.9330/50 even retesting 0.9420/35 key resistance area. Immediate support is seen around 0.9250 followed by 0.9200 which need to be clearly broken to the downside to continue the bearish scenario testing 0.9100.