USDCHF Forecast
The USDCHF had a strong bullish momentum yesterday, broke above the bearish channel and topped at 0.9783. The bias is bullish in nearest term but note that 0.9785 region remains a key resistance and good place to sell with a tight stop loss as a clear break and daily/weekly close above that level would invalidate my bearish outlook and turn my short-term outlook to a bullish bias targeting 0.9870 area. Immediate support is seen around 0.9700. A clear break and daily/weekly close back below that area would keep the bearish outlook intact.

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