USDCHF Daily Forecast: March 08 2016

The USDCHF was indecisive yesterday. Price attempted to push higher, topped at 1.0012 but whipsawed to the downside and closed lower at 0.9950. Once again, 1.0000/35 was proven to be a strong/key resistance and a good place to sell with a tight stop loss. The bias is bearish in nearest term testing 0.9880 – 0.9820 area.