The Usdchf had a strong bearish momentum yesterday bottomed at 0.9592. The bias is bearish in nearest term testing 0.9550 – 0.9500 region. Immediate resistance is seen around 0.9615. A clear break above that area could lead price to neutral zone in nearest term testing 0.9675 but as long as stay below 0.9765 I remain bearish and any upside pullback should be seen as a good opportunity to sell.
This post first appeared on FX Instructor Forex Blog - For Traders, By Traders, please read the originial post: here