USDCHF Daily Forecast: September 10

By swibowo
09 September 2010 @ 11:47 pm EDT

USDCHF Forecast

The USDCHF bearish pressure was stopped and corrected higher yesterday, as I had expected. Earlier today in Asian session, as you can see on my h4 chart below, price continue the upside pressure, break above the trend line resistance indicating potential bullish reversal scenario at least in nearest term testing 1.0302. Immediate support at 1.0130. Break below that area and a consistent move back below the trend line resistance could produce a false break out scenario and continue the bearish view re-testing 1.0060/30 region.

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