06-02-2012, 11:09 AM
USDCHF Forecast
The USDCHF didn’t make significant movement last week. The bias remains neutral in nearest term with range area to be closely watched between 0.9320 – 0.9050. As long as stays below 0.9320 the bearish scenario since the failure to break above 0.9600 should remain intact and I still prefer a bearish intraday scenario at this phase. Immediate support is seen around 0.91750/50 A clear break below that area could trigger further bearish pressure testing 0.9100 – 0.9050 region.©2012 . All Rights Reserved.
Posted on Sun, 05 Feb 2012 22:26:38 GMT at http://www.fxfrench.com/analytics.aspx?i...culture=ms
Author: fxopen
The USDCHF didn’t make significant movement last week. The bias remains neutral in nearest term with range area to be closely watched between 0.9320 – 0.9050. As long as stays below 0.9320 the bearish scenario since the failure to break above 0.9600 should remain intact and I still prefer a bearish intraday scenario at this phase. Immediate support is seen around 0.91750/50 A clear break below that area could trigger further bearish pressure testing 0.9100 – 0.9050 region.©2012 . All Rights Reserved.
Posted on Sun, 05 Feb 2012 22:26:38 GMT at http://www.fxfrench.com/analytics.aspx?i...culture=ms
Author: fxopen