The USDCHF had a bullish momentum yesterday after a clear break above 0.8915, topped at 0.9029 and hit 0.9043 earlier today in Asian session. The bias remains bullish in nearest term testing 0.9080 – 0.9120 before retesting 0.9320. Immediate support is seen around 0.8960. A clear break back below that area would lead price to neutral zone in nearest term but only a clear break and daily close back below 0.8915 would stop the current bullish intraday outlook.
©2011 FX Instructor Forex Blog - For Traders, By Traders. All Rights Reserved.