The USDCHF had a significant bullish momentum yesterday, broke and closed above 0.9320, hit 0.9386. The bias is bullish in nearest term testing 0.9400 – 0.9500. Immediate support is seen around 0.9320 (former resistance). A clear break back below that area could lead price to a neutral zone in nearest term and postpone the bullish scenario.
©2011 FX Instructor Forex Blog - For Traders, By Traders. All Rights Reserved.