USDCHF Forecast

The USDCHF continued its bearish momentum on Friday, slipped below 08325 but still unable to make a clear break below 0.8325 and rebounded higher, hit 0.8382 earlier today in Asian session. The bias is neutral in nearest term. Overall my technical bias remains strongly to the downside but unless price makes a clear break below 0.8325, further bearish continuation scenario aim for new historical low can not be confirm. As you can see on my h4 chart below we have a CCI bullish divergence suggests potential upside pullback testing 0.8460 after another rejection to stay below 0.8325 strong support area.

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