USDCHF Daily Forecast: February 07

By @ibtimes on

USDCHF Forecast

The USDCHF continued its bullish momentum on Friday and now testing the upper line of the falling wedge formation as you can see on my daily chart below. The bias remains bullish in nearest term but I will keep stand aside for now until we have a clear break above the wedge and 0.9600 key resistance area to activate my bullish mode. Immediate support at 0.9529 (current low). Break below that area could lead us to neutral zone in nearest term testing 0.9440/50 support area.

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