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USDCHF Daily Forecast: October 14

Thursday, October 13, 2016 19:32
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(Before It's News)

USDCHF Forecast
The USDCHF had a bearish momentum yesterday bottomed at 0.9859. The bias is bearish in nearest term testing 0.9800 or lower. Immediate resistance is seen around 0.9880. A clear break above that area could lead price to neutral zone in nearest term as direction would become unclear but as you can see on my H4 chart below the area between 0.9950 – 0.9850 remains a good zone to sell with a tight stop loss above 0.9950. Overall I remain neutral.


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