USDCHF Forecast
The USDCHF continued its bullish momentum yesterday topped at 0.9723. The bias remains bullish in nearest term testing 0.9765 as apart of the bullish scenario after broke above the upper/resistance line of the rising wedge formation as you can see on my daily chart below. A clear break and daily/weekly close above 0.9765 would expose 0.9850 or higher next week. Immediate support is seen around 0.9650. A clear break back below that area could lead price to neutral zone in nearest term as direction would become unclear. Overall I remain neutral.

FX Instructor Forex Blog – For Traders, By Traders

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.