USDCHF Forecast

The USDCHF didn’t make significant movement last week. The bias remains neutral in nearest term with range area to be closely watched between 0.9320 – 0.9050. As long as stays below 0.9320 the bearish scenario since the failure to break above 0.9600 should remain intact and I still prefer a bearish intraday scenario at this phase. Immediate support is seen around 0.91750/50 A clear break below that area could trigger further bearish pressure testing 0.9100 – 0.9050 region.

©2012 FX Instructor Forex Blog - For Traders, By Traders. All Rights Reserved.