USDCHF Forecast

The USDCHF attempted to push lower yesterday, bottomed at 0.8779 but closed higher at 0.8860, made a hammer candle stick formation as you can see on my daily chart below suggests potential upside correction especially if price able to make a clear break above 0.8900 testing 0.9000. On the downside, we need a clear break below 0.8779 to cancel the bullish hammer formation scenario testing 0.8700 – 0.8600. Today some markets are closed on Good Friday.

©2011 FX Instructor Forex Blog - For Traders, By Traders. All Rights Reserved.