USDCHF Daily Forecast: August 07

USDCHF Forecast
The USDCHF had a bullish momentum yesterday topped at 0.9984. The bias is bullish in nearest term testing 1.0000 region but key resistance remains at 1.0055 area. Immediate support is seen around 0.9940. A clear break below that area could lead price to neutral zone in nearest term testing 0.9920/00 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.