USDCHF Daily Forecast: April 13

By IBTimes Staff Reporter | April 12 2010 10:46 PM

USDCHF Forecast

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The USDCHF didn’t make significant movement yesterday. Price still struggling around the major bullish channel indicating critical technical phase. Break below the bullish channel could be a serious threat to the major bullish scenario and begin a new bearish phase. Immediate resistance at 1.0640. Break above that area should keep the bullish scenario intact testing 1.0750 even 1.0888. Initial support at 1.0520. Break below that area should trigger further bearish pressure testing 1.0420 region.

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