USDCHF Daily Forecast: February 17

The USDCHF was indecisive yesterday. The bias is neutral in nearest term. Immediate support is seen around 0.9850. A clear break below that area could trigger further bearish pressure testing 0.9800 or lower. Immediate resistance is seen around 0.9900. A clear break above that area could trigger further bullish pressure testing 0.9985 which is a good place to sell with a tight stop loss targeting 0.9570 – 0.9600 region. Overall I still prefer a bearish scenario.