USDCHF Daily Forecast: February 11 2016

The USDCHF attempted to push higher yesterday topped at 0.9820 but whipsawed to the downside, closed at 0.9732 and hit 0.9703 earlier today. The bias is bearish in nearest term testing 0.9600 – 0.9570 area. Immediate resistance is seen 0.9765. A clear break above that area could lead price to neutral zone in nearest term retesting 0.9820 but overall I remain bearish and any upside pullback should be seen as a good opportunity to sell.