USDCHF Forecast

The USDCHF failed to continue its bullish momentum yesterday and but so far still able to stay above 0.8915 support area, keep my bullish outlook intact. The bias is neutral in nearest term. A clear break back below 0.8915 would stop the bullish outlook and turn my intraday bias back to a bearish view testing 0.8800 – 0.8760 support area. Immediate resistance is seen around 0.8970. A clear break above that area could trigger further bullish pressure testing 0.9030/70 resistance area.

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