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USDCHF Daily Forecast: October 07

Thursday, October 6, 2016 21:46
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(Before It's News)

USDCHF Forecast
The USDCHF had a bullish momentum yesterday and hit 0.9827 earlier today. The bias is bullish in nearest term testing 0.9850 – 0.9880 area which is a good place to sell with a tight stop loss. Immediate support is seen around 0.9785. A clear break below that area could lead price to neutral zone in nearest term testing 0.9735/00 area. Overall I remain neutral as price is still moving sideways without clear direction as you can see on my H4 chart below.


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