The USDCHF attempted to push lower on Friday, bottomed at 0.9084 but closed higher at 0.9163. The bias is neutral in nearest term but overall my technical bias remains to the upside. Immediate support is seen around 0.9100 followed by 0.9050. Immediate resistance is seen around 0.9200. A clear break above that area could trigger further bullish momentum, still targeting 0.9320 area.
©2011 FX Instructor Forex Blog - For Traders, By Traders. All Rights Reserved.