USDCHF Daily Forecast: May 12 2016
The USDCHF failed to continue its bullish momentum yesterday bottomed at 0.9698. The bias is bearish in nearest term testing 0.9650. Immediate resistance is seen around 0.9750. A clear break above that area could lead price to neutral zone in nearest term but key resistance remains around 0.9795. My major technical outlook remains neutral.