USDCHF Daily Forecast: August 06

USDCHF Forecast
The USDCHF was indecisive last week. Price attempted to push lower bottomed at 0.9867 but closed higher at 0.9944. The bias is neutral in nearest term probably with a little bullish bias testing 1.0000 region but key resistance remains at 1.0055 which is a good place to sell with a tight stop loss. Immediate support is seen around 0.9935. A clear break below that area could trigger further bearish pressure testing 0.9900 region. 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.