USDCHF Daily Forecast: April 05

USDCHF Forecast
The USDCHF attempted to push lower yesterday bottomed at 0.9550 but whipsawed to the upside and closed higher at 0.9606. The bias is bullish in nearest term. Price is at the resistance line of the rising wedge formation as you can see on my daily chart below which remains a good place to sell with a tight stop loss above 0.9650. Immediate support is seen around 0.9580. A clear break below that area could lead price to neutral zone in nearest term testing 0.9550 but key support remains at 0.9470. On the upside, a clear break above 0.9650 would invalidate the rising wedge scenario testing 0.9750 or higher. Overall I remain neutral.