USDCHF Forecast

The USDCHF was indecisive yesterday. There are no changes in my technical outlook. The bias is neutral in nearest term. Price is still in bullish phase since bounced from 0.8935, keep making higher lows and highs testing 0.9220/30. A clear break and daily close above that area could trigger further bullish momentum testing 0.9320 key resistance area. My major bearish outlook since the failure to break above 0.9600 remains intact but would need a clear break and daily close back below 0.9050 to reactivate my bearish mode.

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