USDCHF Daily Forecast: October 15
USDCHF Forecast
The USDCHF was indecisive last week. The bullish phase since broke above the bearish channel remains valid but the pair is consolidating lower inside a bullish flag formation as you can see on my H4 chart below. The bias is neutral in nearest term. Immediate resistance is seen around the upper line of the bullish flag located around 0.9930. A clear break above that area would expose 0.9980 or higher. Immediate support is seen around 0.9880. A clear break below that area could trigger further bearish pressure testing 0.9825 region.
Source: https://fxinstructor.com/blog/usdchf-daily-forecast-october-15-7
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