USDCHF Forecast
The USDCHF had a bearish momentum yesterday bottomed at 0.9917. The bias remains bearish in nearest term testing 0.9850. Immediate resistance is seen around 0.9960. A clear break above that area could lead price to neutral zone in nearest term testing 1.0000 – 1.0040 but overall I still prefer a bearish scenario at this phase as a part of the false breakout bearish scenario as you can see on my daily chart below. Fundamental focus will be on SNB monetary policy and press conference tomorrow.


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