USDCHF Daily Forecast: March 16

USDCHF Forecast
The USDCHF had a bullish momentum yesterday topped at 0.9519 after bounced-off the lower line of the bullish channel as you can see on my daily chart below. This fact keeps the bullish phase valid. The bias is bullish in nearest term testing 0.9580 – 0.9650 resistance area. Immediate support is seen around 0.9480. A clear break below that area could lead price to neutral zone in nearest term retesting the lower line of the bullish channel. Overall I remain neutral.

Bullish channel example in forex trading