USDCHF Forecast
The USDCHF was indecisive yesterday. The bullish correction stalls at the upper line of the bearish channel as you can see on my H4 chart below. The bias is neutral in nearest term but overall I remain bearish. Immediate support is seen around 0.9635. A clear break below that area could trigger further bearish pressure testing 0.9600 or lower.  Immediate resistance is seen around 0.9670 – 0.9700 region. A clear break and daily close above that area could be a threat to the bearish outlook but only a clear break above 0.9785 would invalidate my bearish bias.


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.