USDCHF Daily Forecast: January 05

USDCHF Forecast
The USDCHF failed to continue its bullish momentum yesterday bottomed at 0.9733. The bias is neutral in nearest term. Immediate resistance is seen around 0.9818. A clear break and daily/weekly close above that area could trigger further bullish pressure testing 0.9910 area and the trend line resistance as you can see on my daily chart below. Immediate support is seen around 0.9700. A clear break and daily/weekly close below that area could trigger further bearish pressure testing 0.9590 region or lower. Overall I remain neutral.