USDCHF Daily Forecast: March 01 2016

The USDCHF was indecisive yesterday. Price attempted to push higher, slipped above 1.0000 but closed lower back below 1.0000. The bias is neutral in nearest term probably with a little bearish bias as we may have a false breakout bearish scenario testing 0.9880 – 0.9820 area. On the upside, 1.0000 remains a key resistance. A clear break and consistent movement above that area would be a threat to the bearish scenario testing 1.0125 – 1.0250 region.