USDCHF Forecast

The USDCHF is technically a mess in nearest term. On h4 chart below we can see that price still unable to move consistently below 1.1445 and now back inside the range area. I think we need a consistent move below 1.1445 and the trendline support area to continue the bearish pressure testing 1.1300 region. Immediate resistance at 1.1550 area. Consistent move above that area could trigger further upside pressure testing 1.1695 and keep the major bullish scenario intact.

©2010 FX Instructor Forex Blog - For Traders, By Traders. All Rights Reserved.