USDCHF Forecast

The USDCHF failed to continue its bearish momentum yesterday after found support at 0.9725, slipped above 0.9850 and traded around 0.9800 at the time I wrote this comment. The bias is neutral in nearest term. The bearish outlook since the break below the trend line support (red) remains intact but need a clear break below 0.9725 to continue the bearish pressure testing 0.9670 even lower. Immediate resistance at 0.9873. Break above that area could trigger further bullish pressure testing 1.0000. I think I will stand aside for now.

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