USDCHF Daily Forecast: August 01

USDCHF Forecast
The USDCHF failed to continue its bearish momentum yesterday topped at 0.9906 and hit 0.9925 earlier today in Asian session. The bias is bullish in nearest term testing 0.9955 but key resistance remains at 1.0055. Immediate support is seen around 0.9895. A clear break below that area could lead price to neutral zone in nearest term testing 0.9855 but key support remains at 09785. Overall price is still trapped inside a range area between 1.0055 – 0.9785 and we need a clear break from that range area to see clearer direction. Fundamental focus will be on the US NFP.