USDCHF Daily Forecast: May 01

USDCHF Forecast
The USDCHF regained its bullish momentum yesterday topped at 0.9920. The bias is bullish in nearest term testing 0.9950. A clear break and daily close above 0.9950 would expose 1.0037 resistance area. Immediate support is seen around 0.9870/50 area. A clear break below that area could lead price to neutral zone in nearest term but overall I still prefer a bullish scenario at this phase and any downside pullback should be seen as a good opportunity to buy.