The USDCHF was indecisive yesterday. There are no changes in my technical outlook. The trend line breakout bullish scenario should remain valid but nearest term bias remains neutral. On the downside, a clear break and consistent movement below 0.9250 could trigger further bearish pressure testing 0.9200 or lower. Immediate resistance is seen around 0.9300. A clear break and daily close above that area would keep the bullish scenario remains strong testing 0.9350 – 0.9420.
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