USDCHF Forecast
The USDCHF had a bearish momentum last week bottomed at 0.9475 but closed higher at 0.9534. The bias is neutral in nearest term and my major technical outlook also remains neutral but my overall intraday outlook remains bearish. Immediate resistance is seen around 0.9550. A clear break above that area could trigger further bullish pressure testing 0.9600 area. Immediate support is seen around 0.9450. A clear break and daily close below that area could trigger further bearish scenario targeting 0.9250 region.

usdchfh4

FX Instructor Forex Blog – For Traders, By Traders

Leave a Reply