USDCHF Daily Forecast: January 11

USDCHF Forecast
The USDCHF failed to continue its bullish momentum yesterday bottomed at 0.9754 but traded higher earlier today in Asian session hit 0.9805. The bias is neutral in nearest term. Immediate support is seen around 0.9750. A clear break and daily close below that area could trigger further bearish pressure testing 0.9700 area or lower. Immediate resistance is seen around 0.9845. A clear break and daily close above that area could trigger further bullish pressure testing the trend line resistance and 0.9910 region which remains a good place to sell. Overall I remain neutral.