USDCHF Forecast

Similar to the EURUSD, USDCHF was technically a mess after market mixed reaction on Bernanke’s comment yesterday. However, so far the pair still able to stay below 1.0120 area indicating the pressure should remain to the downside testing psychological level 1.0000/33. Break below that area should lead us into a new stage of bearish scenario at least towards 0.9880 area. Immediate resistance at 1.0120. Break above that area should be seen as bearish rejection and lead us into no trading zone.