The USDCHF was indecisive yesterday but overall still able to maintain its bullish intraday bias. There are no changes in my technical outlook. The bias remains bullish in nearest term but note that price is still moving sideways without clear direction as you can see on my daily chart below. Selling around 0.9320 is not a bad intraday trading plan. A clear break and daily close above 0.9320 could lead price to a new bullish scenario after more than three months of choppy condition. Immediate support remains around 0.9250. A clear break back below that area could lead price to neutral zone in nearest term testing 0.9200 area.
©2012 FX Instructor Forex Blog - For Traders, By Traders. All Rights Reserved.