USDCHF Daily Forecast: November 11

By @ibtimes on

USDCHF Forecast

The USDCHF was corrected lower yesterday, bottomed at 0.9017 and closed at 0.9057. The bias is neutral in nearest term but as long as stays above 0.8915 I still prefer a bullish scenario at this phase, still testing 0.9320 area. Immediate support is seen around 0.9017 (yesterday’s low). A clear break below that area could trigger further bearish correction testing 0.8950/15. Immediate resistance is seen around 0.9100. A clear break above that area could end the current bearish correction phase, testing 0.9150 – 0.9320 region.

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