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USDCHF Daily Forecast: October 24

Sunday, October 23, 2016 21:03
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USDCHF Forecast
The USDCHF attempted to push lower last week bottomed at 0.9842 but whipsawed to the upside and closed higher at 0.9937. The bias is neutral in nearest term. As you can see on my daily chart below we have a “shooting star” formation suggests a potential bearish scenario. Immediate support is seen around 0.9925 but key support remains at 0.9850. Immediate resistance is seen around 0.9960. A clear break and daily close above that area would expose 1.0000 – 1.0050 region. Overall I remain neutral.

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