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USDCHF Daily Forecast: May 03

USDCHF Forecast
The Usdchf had a bearish momentum yesterday bottomed at 0.9912 and hit 0.9908 earlier today in Asian session. The bias is bearish in nearest term testing 0.9880 – 0.9813 area. Immediate resistance is seen around 0.9935. A clear break above that area could lead price to neutral zone in nearest term testing 0.9960 but key resistance remains at 1.0020 area which is a good place to sell with a tight stop loss. Overall I remain neutral.

usdchfh4



This post first appeared on FX Instructor Forex Blog - For Traders, By Traders, please read the originial post: here

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USDCHF Daily Forecast: May 03

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