USDCHF Daily Forecast: June 09 2016

USDCHF Daily Forecast: June 09 2016

USDCHF Forecast
As expected, the USDCHF continued its bearish momentum yesterday bottomed at 0.9581. The bias remains bearish in nearest term especially if price able to make a clear break below 0.9570 testing 0.9470 region. Immediate resistance is seen around 0.9620. A clear break above that area could lead price to neutral zone in nearest term testing 0.9670 area but overall I still prefer a bearish scenario at this phase and any upside pullback should be seen as a good opportunity to sell.