USDCHF Forecast
The USDCHF continued its bullish momentum yesterday topped at 1.0000. The bias remains bullish in nearest term testing 1.0037 key resistance. Immediate support remains around 0.9940 – 0.9920 region. A clear break below that area could lead price to neutral zone in nearest term but any bearish correction now is normal and overall I still prefer a bullish scenario at this phase and any downside pullback should be seen as a good opportunity to buy. On the upside, a clear break and daily close above 1.0037 would expose 1.0100 region or higher.

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One thought on “USDCHF Daily Forecast: May 03”

  1. Joe Z says:

    USDCHF might still rise, but it is already at the previous high of last November. If it breaks through, the highs of 2017 is around 100 pips away:

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