The USDCHF didn’t make significant movement so far. The bias is neutral in nearest term and I think we are in no trade zone. The major scenario remains bearish but so far still unable to move consistently below 1.0130. Immediate support at 1.0095 (yesterday’s low). Break below that area could trigger further downside attempt testing 1.0030. Initial resistance at 1.0220. Break above that area could trigger further bullish correction testing the trend line resistance (red). Pay attention to Non Farm Payroll data today.
©2010 FX Instructor Forex Blog - For Traders, By Traders. All Rights Reserved.