USDCHF Daily Forecast: March 07 2016

The USDCHF was indecisive last week. The bias is neutral in nearest term but as long as stays below 1.0000/35 I still prefer a bearish scenario at this phase targeting 0.9820 area. Immediate resistance is seen around 0.9955. A clear break above that area could trigger further bullish pressure testing 1.0000/35 area which remains a good place to sell with a tight stop loss.