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USDCHF Daily Forecast: November 09

Tuesday, November 8, 2016 18:17
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USDCHF Forecast
The USDCHF had a bullish momentum yesterday topped at 0.9789 and hit 0.9823 earlier today. The bias is bullish in nearest term testing 0.9850 – 0.9900 region. Immediate support is seen around 0.9775. A clear break and daily close below that area would keep the “shooting star” bearish scenario remains valid testing 0.9650 area. Overall I remain neutral. Fundamental focus will be on the US election result which could create a volatile market.

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