USDCHF Daily Forecast: June 05

USDCHF Forecast
The USDCHF was indecisive yesterday. Price attempted to push lower, bottomed at 0.9830 but whipsawed to the upside and closed higher at 0.9877 and hit 0.9886 earlier today in Asian session. The bias is neutral in nearest term. As long as stay below the H1 EMA 200 the overall short-term bias should remain bearish but need a clear break below 0.9825 support area to resume the bearish phase. Immediate resistance is seen around 0.9915. A clear break and daily close above that area would be a threat to the bearish phase testing 0.9980 region.