USDCHF Daily Forecast: March 21

USDCHF Forecast
The USDCHF had a bullish momentum yesterday topped at 0.9569. The bias is bullish in nearest term testing 0.9650 resistance area located just above the daily EMA 200 as you can see on my daily chart below. Immediate support is seen around 0.9535 area. A clear break below that area could lead price to neutral zone in nearest term testing the lower line of the bullish channel and 0.9470 region. On the upside, a clear break and daily close above the daily EMA 200 could trigger further bullish scenario which started after the false break below 0.9250 support area. Overall I remain neutral.

Bullish channel: Forex education