USDCHF Daily Forecast: March 12

By swibowo
11 March 2010 @ 10:05 pm EDT

USDCHF Forecast

The USDCHF still made insignificant movement yesterday, still trapped in range area of 1.0888 – 1.0640. We are still in bearish correction phase, but the main trend remains bullish. The triple top formation around 1.0888 area indicating potential bearish reversal scenario but only confirmed by a consistent movement below 1.0640 targeting 1.0507 even 1.0400 – 1.0350 area. On the other hand, break above 1.0888 – 1.0900 area should continue the bullish scenario targeting 1.1000 region.

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