USDCHF Forecast

The USDCHF was indecisive yesterday but overall still able to maintain its bullish intraday bias. Potential daily range is seen between 0.9650 – 0.9585. I still prefer a bullish scenario at this phase and do not expect any consistent move below 0.9585 as it will interrupt the intraday bearish outlook. On the upside, we need a clear break above the bullish flag and 0.9650 to continue the bullish scenario testing 0.9800.

width=480px

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

.