The USDCHF made another indecisive movement on Friday. There are no changes is my daily technical outlook. The bias remains neutral in nearest term but still with more upside bias after the violation of the bearish channel testing 0.9750 – 0.9800 resistance area especially if price break above the flag formation as you can see on my h4 chart below. Immediate support remains around 0.9600 followed by 0.9550.
©2011 FX Instructor Forex Blog - For Traders, By Traders. All Rights Reserved.