USDCHF Forecast

The USDCHF had a significant bearish momentum yesterday, slipped below 0.9550 and now struggling around that area. The bias is bearish in nearest term as broad Dollar weakness could still push the pair lower testing 0.9470 in nearest term. Immediate resistance at 0.9600. A failure to consistently move below 0.9550 and break above 0.9600 could trigger further bullish momentum testing 0.9650 and keep the bullish scenario intact.

©2011 FX Instructor Forex Blog - For Traders, By Traders. All Rights Reserved.

.