USDCHF Daily Forecast: December 06
The USDCHF attempted to push higher yesterday slipped above 1.0005 but closed lower at 0.9976 and hit 0.9960 earlier today in Asian session. We have a bearish pin bar formation as you can see on my daily chart below suggests a potential bearish pressure. The bias is bearish in nearest term testing 0.9910 key support area which need to be clearly broken to the downside to resume the false breakout bearish scenario testing 0.9825. On the upside, a clear break above 1.0005 would invalidate the bearish pin bar scenario testing 1.0050 – 1.0095 region.