USDCHF Forecast
The USDCHF had another indecisive movement yesterday. The bias remains neutral in nearest term probably with a little bearish bias testing 0.9720 support area. Overall I still prefer a bullish scenario at this phase and any downside pullback should be seen as a good opportunity to buy with nearest target seen around 0.9850. A clear break and daily/weekly close above that area could trigger further bullish pressure next week targeting 1.0000 region. Potential daily range today remains between 0.9720 – 0.9850.* Fundamental focus today will be on the US NFP number.
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The USDCHF had another indecisive movement yesterday. The bias remains neutral in nearest term probably with a little bearish bias testing 0.9720 support area. Overall I still prefer a bullish scenario at this phase and any downside pullback should be seen as a good opportunity to buy with nearest target seen around 0.9850. A clear break and daily/weekly close above that area could trigger further bullish pressure next week targeting 1.0000 region. Potential daily range today remains between 0.9720 – 0.9850.* Fundamental focus today will be on the US NFP number.
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USDCHF Daily Forecast: August 07
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