The Usdchf attempted to push higher yesterday topped at 0.9595 but whipsawed to the downside and closed lower at 0.9506. We have another Bearish pin bar as you can see on my daily chart below suggests a bearish view. The bias is bearish in nearest term testing 0.9450 key support. A clear break below that area could trigger further bearish pressure testing 0.9250 area. Immediate resistance is seen around 0.9550. A clear break above that area could lead price to neutral zone in nearest term but overall 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