USDCHF Daily Forecast: September 18


The USDCHF made another moderate bearish momentum, bottomed at 1.0275 and closed at 1.0281. Slowly but sure, the pair keep moving lower and now traded below 1.0300 area. The bias remains bearish in nearest term targeting 1.0210 area. I do not see any reversal/correction signal so far, so I am hoping further downside pressure. Immediate resistance at 1.0325 area. Break above that area should lead us into no trading zone and might go higher re-testing 1.0420 area.

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