USDCHF Daily Forecast: June 18

By IBTimes Staff Reporter | June 17 2010 10:34 PM

USDCHF Forecast

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The USDCHF had a significant bearish momentum yesterday, bottomed at 1.1095 and closed at 1.1116. This fact should continue the bearish outlook targeting 1.1050 before testing 1.0920 area. CCI in oversold area so watch out for potential upside correction testing 1.1245 region. Break above that area could lead us into no trading zone but as long as price move inside the bearish channel, the bearish scenario remains intact.

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