USDCHF Daily Forecast: August 21

USDCHF Forecast

The USDCHF had another indecisive movement yesterday. There are no changes in my technical outlook. The bias remains neutral in nearest term. Price has been moving sideways between 0.9800 – 0.9650 in the last two weeks and need a clear break from the range area to see clearer direction. As long as stays below 0.9800 price is still in a bearish correction phase. Immediate support remains around 0.9700 followed by 0.9650. I still prefer a bullish scenario at this phase but would need a clear break above 0.9800 to reactivate my bullish mode.

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