USDCHF Forecast
The USDCHF attempted to push higher last week topped at 1.0124 but whipsawed to the downside, closed at 0.9946 and hit 0.9879 earlier today. The bias is bearish in nearest term testing the trend line support and 0.9870 – 0.9800 area which is a good place to buy with a tight stop loss as a clear break below the trend line support could create a bearish reversal scenario. Immediate resistance is seen around 0.9985. A clear break above that area could lead price to neutral zone in nearest term testing 1.0050 region.
