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USDCHF Daily Forecast: November 07

Sunday, November 6, 2016 20:03
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USDCHF Forecast
The USDCHF had a bearish momentum last week as a part of the “shooting star” bearish formation, bottomed at 0.9680 but gapped higher earlier today opened at 0.9772. The bias is bullish in nearest term testing 0.9800. A clear break and daily close above that area could trigger further bullish pressure testing 0.9850 – 0.9900 region. Immediate support is seen around 0.9730. A clear break below that area could lead price to neutral zone in nearest term testing 0.9680/50 area. My major technical outlook remains neutral.



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