USDCHF Daily Forecast: October 31

USDCHF Forecast

The USDCHF had a bearish momentum yesterday bottomed at 0.9299. The bearish momentum was not as strong as I had expected but nearest term bias now turns bearish testing 0.9250. Immediate resistance is seen around 0.9330. A clear break above that area could trigger further bullish pressure testing 0.9380 but as long as stays below 0.9420/35 I still prefer a bearish scenario at this phase.