USDCHF Daily Forecast: March 12

USDCHF Forecast

The USDCHF was corrected lower yesterday bottomed at 0.9465. The bias is neutral in nearest term. Overall I still prefer a bullish scenario as a part of the bullish reversal scenario after broke above the bearish channel with nearest target seen around 0.9600. Immediate support is seen around 0.9450/20.  I do not expect any movement below that area as it will interrupt the bullish scenario.