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USDCHF Daily Forecast: February 16

Wednesday, February 15, 2017 19:32
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(Before It's News)

USDCHF Forecast
The USDCHF attempted to push higher yesterday topped at 1.0118 but whipsawed to the downside, closed lower at 1.0053 and hit 1.0032 earlier today in Asian session. The bias is bearish in nearest term testing 1.0000 – 0.9950 support area. Immediate resistance is seen around 1.0075. A clear break above that area could lead price to neutral zone in nearest term retesting 1.0118 region. Overall I remain neutral.

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Source: http://fxinstructor.com/blog/usdchf-daily-forecast-february-16-6

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