USDCHF Daily Forecast: March 07

By @ibtimes on

USDCHF Forecast

The USDCHF continued its bullish intraday momentum yesterday, topped at 0.9195 and closed at 0.9185. The bias remains bullish in nearest term testing 0.9220/30. A clear break and daily close above that area could trigger further bullish momentum testing 0.9320 key resistance area. Immediate support is seen around 0.9100. A clear break below that area could lead price to neutral zone in nearest term but would need a clear break and daily close back below 0.9050 to keep the bearish scenario since the failure to break above 0.9600 remains intact and reactivate my bearish mode.

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