USDCHF Daily Forecast: June 08 2016

USDCHF Daily Forecast: June 08 2016

USDCHF Forecast
The USDCHF continued its bearish momentum yesterday bottomed at 0.9644. The bias remains bearish in nearest term testing 0.9570. Immediate resistance is seen around 0.9670. A clear break back above that area could lead price to neutral zone in nearest term testing 0.9715 but overall I still prefer a bearish scenario at this phase and any upside pullback should be seen as a good opportunity to sell.