USDCHF Daily Forecast: January 09

USDCHF Forecast
The USDCHF didn’t make significant movement yesterday. The bias remains neutral in nearest term. Price is still trapped between 0.9797 – 0.9700 range area as you can see on my dail chart below. We need a clear break from that range area to see clearer direction. A clear break above 0.9797 could trigger further bullish pressure testing the trend line resistance and 0.9910 region. 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. Overall I remain neutral.