USDCHF Forecast
The USDCHF attempted to push lower yesterday, hit 0.9600 but closed higher at 0.9645. The bias is neutral in nearest term. Overall I still prefer a bearish scenario but need a clear break below 0.9600 to resume the bearish phase testing 0.9535 region or lower. Immediate resistance is seen around 0.9700. A clear break and daily close above that area could trigger further bullish pullback testing 0.9785 key resistance which remains a good place to sell with a tight stop loss as a clear break above that area would invalidate the bearish outlook.

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.