USDCHF Forecast
The USDCHF was indecisive last week. Price attempted to push higher topped at 0.9992 but close lower at 0.9855. Price slipped below the trend line support as you can see on my H1 chart below after another failure to make a clear break above 0.9980 key resistance. The bias is neutral in nearest term. Immediate support is seen around 0.9895. A clear break below that area could trigger further bearish pressure testing 0.9855 – 0.9825 support area. Immediate resistance is seen around 0.9960. A clear break above that area could trigger further bullish pressure retesting 0.9980 key resistance area which need to be clearly broken to the upside to resume the bullish phase testing 1.0055 area.

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