USDCHF Forecast
The USDCHF had a bullish momentum last week on broad US Dollar strength after a strong US NFP number, topped at 1.0075. The bias remains bullish in nearest term testing 1.0125 area. Immediate support is seen around 1.0030. A clear break below that area could lead price to neutral zone in nearest term testing 0.9980/55 but overall I still prefer a bullish scenario at this phase and any downside pullback should be seen as a good opportunity to buy.

usdchfh4

FX Instructor Forex Blog – For Traders, By Traders

One thought on “USDCHF Daily Forecast: November 09”

  1. Nick T says:

    William, when you’re looking for a pullback which time frame do you generally use? Another way of asking this, which time frame is your confirming time frame for a pullback in the USDCHF?

Leave a Reply

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