USDCHF Forecast
The USDCHF had a bullish momentum last week topped at 0.9882 but closed a little bit lower at 0.9838. The bias is neutral in nearest term. Immediate support is seen around 0.9800. A clear break below that area could trigger further bearish pressure testing 0.9750 area. On the upside, a clear break and daily close above 0.9880 could trigger further bullish pressure testing 1.0000 area. Overall I prefer a bullish scenario at this phase. Potential daily range today is seen between 0.9750 – 0.9880.
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The USDCHF had a bullish momentum last week topped at 0.9882 but closed a little bit lower at 0.9838. The bias is neutral in nearest term. Immediate support is seen around 0.9800. A clear break below that area could trigger further bearish pressure testing 0.9750 area. On the upside, a clear break and daily close above 0.9880 could trigger further bullish pressure testing 1.0000 area. Overall I prefer a bullish scenario at this phase. Potential daily range today is seen between 0.9750 – 0.9880.
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USDCHF Daily Forecast: August 10
