USDCHF Daily Forecast: January 14 2016

USDCHF Forecast

The USDCHF had a bullish momentum yesterday topped at 1.0106 but closed lower at 1.0057. The bias remains bullish in nearest term testing 1.0120. A clear break and daily close above that area could trigger further bullish pressure testing 1.0225 – 1.0325. Immediate support is seen around 1.0045. A clear break below that area could lead price to neutral zone in nearest term testing 1.0000 – 0.9965 but as long as stays above the trend line support I still prefer a bullish scenario at this phase and any downside pullback should be seen as a good opportunity to buy.