USDCHF Forecast

The USDCHF had another indecisive movement last week, made another Doji on weekly chart. As long as stays above 0.9320 I still prefer a bullish scenario at this phase but the bullish momentum has been disappointing so far, failed to make a daily close above 0.9400. The bias is neutral in nearest term. On the downside, another movement and daily close back below 0.9320 could lead to another downside correction attempt testing 0.9200 area. On the upside, we need a clear break and daily close at least above 0.9400 to keep the bullish bias remains strong retesting 0.9500/46 region.

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