USDCHF Forecast

The USDCHF had another volatile but indecisive movement last week. The bias is bearish in nearest term but need a clear break and daily close back below 0.9050 to confirm the bearish scenario and reactivate my bearish mode. Immediate resistance is seen around 0.9200. A clear break above that area could trigger further bullish pressure retesting 0.9320 key resistance area.

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

.