USDCHF Daily Forecast: August 22
USDCHF Forecast
The USDCHF continued its bearish momentum yesterday bottomed at 0.9842 and hit 0.9836 earlier today in Asian session. The bias remains bearish in nearest term but note that price is in my “buy zone” with a tight stop loss below 0.9785. Immediate resistance is seen around 0.9900. A clear break above that area could lead price to neutral zone in nearest term testing 0.9950 region. On the downside, a clear break below 0.9785 would activate my bearish mode.
Source: https://fxinstructor.com/blog/usdchf-daily-forecast-august-22-7
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