USDCHF Forecast
The USDCHF attempted to push lower yesterday but found a support at the daily EMA 200 as you can see on my daily chart below and closed higher at 0.9807. The bias is neutral in nearest term. Immediate support is seen around 0.9765 (daily EMA 200). A clear break and daily/weekly close below that area could trigger further bearish pressure testing 0.9670 – 0 9570 next week. Immediate resistance is seen around 0.9850. A clear break and daily/weekly close above that area would keep the bullish scenario remains intact targeting 1.0000. My major technical outlook remains neutral.


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