USDCHF Forecast
The USDCHF had a bullish momentum yesterday topped at 0.9924. The bias is neutral in nearest term probably with a little bullish bias testing 1.0035 resistance area which is a good place to sell with a tight stop loss targeting 0.9700. Immediate support is seen around 0.9870. A clear break below that area could trigger further bearish pressure testing 0.9820/00 region. As long as stays below 1.0035 I still prefer a bearish scenario at this phase. Fundamental focus will be on the FOMC interest rate decision on Wednesday/Thursday where the Fed is widely expected to raise interest rate for the first time since 2006.


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.