USDCHF Forecast

The USDCHF had a moderate bullish momentum yesterday after 0.8945 support area hold. There were some bearish pressures earlier today in Asian session retesting 0.8945. The bias is neutral in nearest term but a clear break below 0.8945 could trigger further bearish correction testing 0.8850. Immediate resistance is seen around 0.9019 (yesterday’s high). A clear break above that area could trigger further bullish pressure testing 0.9080 – 0.9100 area.

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

.