USDCHF Daily Forecast: March 02 2016

The USDCHF had another indecisive movement yesterday, formed another Doji on daily chart. There are no changes in my technical outlook. The bias remains 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. Fundamental focus will be on the US NFP on Friday.