USDCHF Daily Forecast: October 02

on October 01 2009 4:25 PM

USDCHF Forecast

The USDCHF had a moderate bullish momentum yesterday, topped at 1.0452 but closed lower at 1.0408. Although bullish momentum seems limited, the fact that we still have a valid bullish channel and price able to move above 1.0380 should indicate bullish view at least in nearest term targeting 1.0527 area. Break below 1.0380 sohuld lead us into no trading zone but as long as the bullish channel still valid, bullish correction is still intact.

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