USDCHF Daily Forecast: August 11

USDCHF Forecast
The USDCHF had a bearish momentum yesterday bottomed at 0.9746 and hit 0.9734 earlier today in Asian session. The bias is bearish in nearest term testing 0.9650 – 0.9600 and the trend line support as you can see on my daily chart below, which is a good place to buy. Immediate resistance is seen around 0.9770. A clear break above that area could lead price to neutral zone in nearest term testing 0.9830 area. My major technical outlook remains neutral.