USDCHF Daily Forecast: August 09

USDCHF Forecast
The USDCHF had a bearish momentum yesterday bottomed at 0.9927. The bias is bearish in nearest term testing 0.9900 area. A clear break below that area could trigger further bearish pressure testing 0.9850 region but key support remains at 0.9785. Immediate resistance is seen around 0.9950. A clear break above that area could lead price to neutral zone in nearest term testing 1.0000 area but key resistance remains at 1.0055 region.