USDCHF Forecast

The USDCHF attempted to push lower yesterday, bottomed at 1.0246 but rebound higher earlier today in Asian session around 1.0297 at the time I wrote this comment.  The bias is neutral in nearest term. We need a clear break below 1.0250 to continue the bearish movement testing 1.0130 this week. Immediate resistance at 1.0350. Break above that area could trigger further upside pressure testing 1.0450.

©2010 FX Instructor Forex Blog - For Traders, By Traders. All Rights Reserved.

.