USDCHF Daily Forecast: July 04

USDCHF Forecast

The USDCHF was indecisive yesterday. There are no changes in my technical outlook. The bias remains neutral in nearest term but as long as stays below 0.9600 my overall intraday bias remains to the downside testing 0.9420 but my medium term outlook remains unclear. On the upside, we need a clear break and daily close at least above 0.9600 to keep the bullish scenario after broke above the bearish channel intact, testing 0.9750 – 0.9800.

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