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USDCHF Daily Forecast: September 04

USDCHF Forecast    
The Usdchf attempted to push lower last week slipped below 0.9450 Key Support but whipsawed to the upside and closed higher at 0.9645. The bias is neutral in nearest term but the bullish pin bar formation printed on daily chart last week after a false break below 0.9450 still suggests a potential bullish view. Immediate resistance is seen around 0.9700. A clear break and daily close above that area could trigger further bullish pressure testing 0.9765 – 0.9807 key resistance which is a good place to sell. Immediate support is seen around 0.9525. A clear break and daily close below that area would trigger further bearish pressure retesting 0.9450 key support. I prefer to stand aside for now.

usdchfdaily



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: September 04

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