USDCHF Daily Forecast: July 01 2016

USDCHF Daily Forecast: July 01 2016

USDCHF Forecast
The USDCHF had a bearish momentum yesterday bottomed at 0.9727. The bias is bearish in nearest term testing 0.9670. Immediate resistance is seen around 0.9800. A clear break and daily/weekly close above that area would keep the bullish phase remains strong targeting 1.0000 area next week. On the downside, a clear break and daily/weekly close below 0.9670 could trigger further bearish pressure testing 0.9570 or lower in the upcoming week.