USDCHF Daily Forecast: August 31

By IBTimes Staff Reporter | August 30 2010 11:44 PM

USDCHF Forecast

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The USDCHF was indecisive yesterday. The bias is neutral in nearest term but the main scenario remains bearish especially if price able to move consistently below 1.0220 region testing 1.0130. On the upside, initial resistance at 1.0350. Break above that area and a movement above the falling wedge formation could be a serious threat to the bearish scenario as potential bullish reversal could be seen.

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