USDCHF Forecast

The USDCHF was corrected lower on Friday after US NFP data, closed at 0.9657. The bias is neutral in nearest term but any downside pullback now is normal and overall I remain bullish still testing 0.9800 as nearest target. Immediate support is seen around 0.9600. A clear break and daily close below that area could trigger further bearish pullback testing 0.9500 key support area and could interrupt the bullish outlook.

width=480px

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

.