USDCHF Daily Forecast: March 13

By @ibtimes on

USDCHF Forecast

The USDCHF failed to continue its bullish momentum yesterday, closed at 0.9152 and hit 0.9139 earlier today. The bias is neutral in nearest term. I still prefer a bearish outlook at this phase but need a clear break and daily close back below 0.9050 to confirm further bearish scenario since the failure to break above 0.9600. Immediate resistance is seen around 0.9180 (former support). A clear break above that area could trigger further bullish pressure testing 0.9220/50 area. Immediate support is seen around 0.9130 – 0.9100. A clear break and daily close below that area could trigger further bearish scenario testing 0.9050 key support area.

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