USDCHF Daily Forecast: October 29

USDCHF Forecast

The USDCHF had a bullish momentum last week topped at 0.9385. The bias is bullish in nearest term testing 0.9420/35 but overall I still prefer to sell on rallies. Immediate support is seen around 0.9315. A clear break below that area could lead price to neutral zone in nearest term testing 0.9250. On the upside, a clear break and daily close above 0.9420/35 will be a threat to the major bearish outlook and activate my bullish intraday mode.