USDCHF Daily Forecast: November 20

By swibowo
19 November 2009 @ 09:11 pm EDT

USDCHF Forecast

After breakout above 1.0120 resistance area, the pair push higher, topped at 1.0194 but but further bullish correction was rejected as price closed lower at 1.0134. The fact that price still able to stay above 1.0120 for me indicate that the bullish correction scenario should remains intact even we have not see a real bullish momentum so far indicating consolidation. Expected range for today is 1.0120 – 1.0207. Break on either side should give us clearer direction towards 1.0337 or 1.0000/33 area.

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