USDCHF Daily Forecast: March 13

USDCHF Forecast
The USDCHF had a bearish momentum yesterday and now struggling around 0.9465 support area as you can see on my daily chart below. This is not what I had expected, but the bullish scenario should remain intact until we have a consistent movement back below 0.9456 support area. The bias is neutral in nearest term. Immediate support is seen around 0.9458 (yesterday’s low). A clear break below that area could trigger further bearish pressure testing 0.9420/00 or lower. Immediate resistance is seen around 0.9510. A clear break above that area could trigger further bullish pressure testing 0.9580 – 0.9650 region. Overall I remain neutral.

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