USDCHF Forecast
The USDCHF attempted to push higher last week topped at 0.9822 but whipsawed to the downside and closed lower below 0.9700. The bias is bearish in nearest term testing 0.9600. Immediate resistance is seen around 0.9720 (H1 EMA 200). A clear break above that area could lead price to neutral zone in nearest term as direction would become unclear retesting 0.9800 region. Potential daily range today is seen between 0.9600 – 0.9720. My major technical outlook remains neutral.
