USDCHF Daily Forecast: February 23

By @ibtimes on

USDCHF Forecast

The USDCHF made a significant bearish movement yesterday, break below 0.9435 and hit 0.9361 earlier today in Asian session. The bias is bearish in nearest term retesting 0.9328/00 key support area. The 0.9328/00 region is a bearish target for now, but at the same time could be a strong support at this phase. A clear break below that area could trigger further bearish pressure testing 0.9200. Immediate resistance at 0.9435. A clear break above that area would lead us to neutral zone in nearest term but overall the pressure remains strongly to the downside.

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