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USDCHF Daily Forecast: October 28

Thursday, October 27, 2016 18:57
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USDCHF Forecast
The USDCHF had another indecisive movement yesterday. The bias remains neutral in nearest term. The “shooting star” formation as you can see on my daily chart below also remains valid suggests a potential bearish scenario. Immediate support is seen around 0.9900 followed by 0.9850 key support. On the upside, a clear break above 1.0000 would expose 1.0085 or higher. Overall I remain neutral.

usdchfdaily

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