USDCHF Forecast
The USDCHF was indecisive yesterday. The bias remains bearish in nearest term testing 0.9700. Immediate resistance is seen around 0.9900. A clear break above that area could lead price to neutral zone in nearest term but overall I still prefer a bearish scenario at this phase and as long as stays below 1.0035 any upside pullback should be seen as a good opportunity to sell. Fundamental focus this week will be on the FOMC interest rate decision on Wednesday/Thursday where the Fed is widely expected to raise interest rate for the first time since 2006.
