USDCHF Daily Forecast: January 12

USDCHF Forecast
The USDCHF was indecisive yesterday but overall still in a short term bearish bias after failed to maintain above the daily EMA 200 as you can see on my daily chart below. The bias is bearish in nearest term testing 0.9700 area. A clear break and daily/weekly close below that area would expose 0.9590 region next week. Immediate resistance is seen around 0.9797 – 0.9816 area. A clear break above that area could lead price to neutral zone in nearest term as direction would become unclear. Overall I remain neutral.