USDCHF Forecast
The USDCHF had a bearish momentum yesterday bottomed at 0.9921. The bias is bearish in nearest term testing 0.9855 and the trend line support as you can see on my H4 chart below. A clear break and daily/weekly close below the trend line support could trigger further bearish pressure next week. Immediate resistance is seen around 1.0000 – 1.0035. A clear break above that area could lead price to neutral zone in nearest term. From a broader outlook at 4H chart, as long as stays above the trend line support, the overall trend remains bullish. Fundamental focus today will be on the US NFP number.
