USDCHF Daily Forecast: October 05

USDCHF Forecast

The USDCHF had a bearish momentum yesterday, bottomed at 0.9293. The bias is bearish in nearest term testing 0.9250. Immediate resistance is seen around 0.9350. A clear break above that area could lead price to neutral zone in nearest term but any upside pullback now is normal and as long as stays below 0.9420/35 I still prefer to sell on rallies. On the downside, a daily/weekly close below 0.9250 could create further bearish scenario. Fundamental focus today is on the US NFP number.