USDCHF Forecast
The USDCHF attempted to push higher yesterday topped at 0.9908 but closed a little bit lower at 0.9873. The bias is neutral in nearest term probably with a little bullish bias testing 1.0000/35 resistance area which is a good place to sell with a tight stop loss targeting 0.9700 region as a part of the false breakout bearish scenario. Immediate support is seen around 0.9850. A clear break below that area could trigger further bearish pressure testing 0.9800 or lower. Overall I still prefer a bearish scenario at this phase. Fundamental focus today will be on US retail sales, PPI and consumer sentiment data.
