USDCHF Daily Forecast: August 10

USDCHF Forecast
The USDCHF was indecisive yesterday. Price attempted to push lower bottomed at 0.9894 but closed higher at 0.9936. The bias is neutral in nearest term probably with a little bullish bias testing 0.9970 – 1.0000 region but key resistance remains at 1.0055 area. Immediate support is seen around 0.9920. A clear break below that area could trigger further bearish pressure testing 0.9900 – 0.9870 region. Overall price is still trapped inside 1.0055 – 0.9785 range area as you can see on my H4 chart below.