USDCHF Daily Forecast: March 04 2016

The USDCHF had a bearish momentum yesterday bottomed at 0.9892. The bias is bearish in nearest term testing 0.9820 region. Immediate resistance is seen around 0.9940. A clear break above that area could lead price to neutral zone in nearest term testing 1.0000 – 1.0035 area which remains a good place to sell with a tight stop loss. Fundamental focus today will be on the US NFP data.