USDCHF Forecast
The USDCHF continued its bearish momentum yesterday bottomed at 0.9659. Price broke below the bullish channel as you can see on my H1 chart below suggests a bearish view. The bias remains bearish in nearest term testing 0.9600 – 0.9540 which is a good place to buy. Immediate resistance is seen around 0.9720. A clear break above that area could lead price to neutral zone in nearest term testing 0.9760 or higher. My major technical outlook remains neutral.

usdchfhourly

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.