USDCHF Daily Forecast: January 08

USDCHF Forecast
The USDCHF was indecisive last week. Price is moving sideways between 0.9797 – 0.9700 range area as you can see on my daily chart below. The bias is neutral in nearest term. I still prefer a bearish scenario at this phase but need a clear break below 0.9700 to continue the bearish phase testing 0.9590 region. On the upside, a clear break and daily close above 0.9797 would retest the trend line resistance and 0.9910 resistance area. Overall I remain neutral.