USDCHF Forecast
The USDCHF continued its bearish momentum on Friday but so far still unable to move consistently below 0.9400 key support area which has been a strong support since last week. We need a consistent move below 0.9400 to continue the bearish scenario targeting 0.9300. On the upside, immediate resistance at 0.9480. Break above that area could trigger further upside pressure testing 0.9550 but as long as price stays below 0.9550 the major scenario remains to the downside.

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

.