USDCHF Daily Forecast: April 03

USDCHF Forecast
The USDCHF didn’t make a significant movement yesterday. There are no changes in my technical outlook. The bias remains neutral in nearest term. The rising wedge formation suggests a potential bearish scenario but needs a clear break below the support line of the rising wedge located around 0.9470 to confirm the rising wedge scenario testing 0.9350 – 0.9250 region. Immediate resistance is seen around 0.9580. A clear break above that area could trigger further bullish pressure testing the resistance line of the rising wedge and 0.9650 region. Overall I remain neutral.