USDCHF Forecast
The USDCHF attempted to push lower yesterday bottomed at 0.9890 but whipsawed to the upside and closed higher at 0.9947. The bias is neutral in nearest term. Immediate resistance is seen around 0.9965. A clear break above that area could trigger further bullish pressure testing 1.0020 key resistance which remains a good place to sell with a tight stop loss. On the downside, 0.9880 and 0.9813 remains potential bearish targets. Fundamental focus will be on the US NFP tomorrow. Overall I remain neutral.

usdchfh4

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.