The USDCHF had a bearish momentum yesterday bottomed at 0.9895. The bias is bearish in nearest term testing 0.9820/00 region. Immediate resistance is seen around 0.9940.
A clear break above that area could lead price to neutral zone in nearest term testing 0.9985 – 1.0000 which remains a good place to sell with a tight stop loss as a clear break above that area would be a threat to the bearish scenario testing 1.0125 – 1.0250 area.
Origin: FXOpen
