USDCHF Daily Forecast: May 02

USDCHF Forecast
The USDCHF continued its bullish momentum yesterday topped at 0.9970. The bias remains bullish in nearest term testing 1.0037 key resistance area. Immediate support is seen around 0.9940 – 0.9920 region. A clear break back below that area could lead price to neutral zone in nearest term testing 0.9870 – 0.9850 region but overall I still prefer a bullish scenario at this phase and any downside pullback should be seen as a good opportunity to buy.