USDCHF Forecast

The USDCHF attempted to push higher yesterday, topped at 0.8876 but closed lower at 0.8796. This fact keeps the bearish intraday view remains strong, still testing 0.8700 even 0.8550 support area. Immediate resistance is seen around 0.8850. A clear break above that area could lead price to neutral zone in nearest term but only a clear break and daily close back above 0.8915 could stop the current bearish intraday outlook.

©2011 FX Instructor Forex Blog - For Traders, By Traders. All Rights Reserved.

.