USDCHF Forecast
The USDCHF had a strong bearish momentum yesterday and now struggling around the trend line support and 0.9600 region as you can see on my daily chart below, which is a good place to buy with a tight stop loss. The bias is bearish in nearest term. Immediate resistance is seen around 0.9650. A clear break above that area could lead price to neutral zone in nearest term testing 0.9700 or higher. On the downside, a clear break and daily close below 0.9600 could trigger further bearish pressure testing 0.9500 – 0.9450 region. My major technical outlook remains neutral.


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