USDCHF Daily Forecast: June 02 2016
The USDCHF had a bearish momentum yesterday bottomed at 0.9861. The bias is bearish in nearest term testing 0.9795 area. Immediate resistance is seen around 0.9920. A clear break above that area could lead price to neutral zone in nearest term but would give the bullish scenario another chance testing 1.0000 area. On the downside, a clear break and daily close below 0.9795 could trigger further bearish scenario testing 0.9670 or lower.