USDCHF Forecast

The USDCHF had a significant bearish momentum yesterday, broke below the range area as you can see on my daily chart below. This fact could continue the bearish scenario since the failure to break above 0.9600 testing 0.8950 as nearest target. Immediate resistance is seen around 0.9050. A clear break back above that area could lead price to neutral zone in nearest term but overall I still prefer a bearish scenario at this phase with short on rallies strategy.

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

.