USDCHF Forecast
The USDCHF was indecisive yesterday. The bias remains bearish in nearest term testing 0.9850 area. Immediate resistance remains around 1.0040. A clear break above that area could lead price to neutral zone in nearest term as direction would become unclear testing 1.0100 area. On the downside, a clear break and daily close below 0.9850 could trigger further bearish pressure challenging the daily EMA 200 located around 0.9680 region. Fundamental focus will be on SNB monetary policy and press conference on Thursday.
