USDCHF Daily Forecast: November 19
USDCHF Forecast
The USDCHF attempted to push higher last week topped at 1.0128 but whipsawed to the downside and closed lower at 0.9998. The bias is bearish in nearest term testing 0.9980 key support area. A clear break and daily close below that area would invalidate the bullish pin bar scenario and create a false breakout bearish scenario targeting 0.9910 – 0.9825 area. Immediate resistance is seen around 1.0040. A clear break above that area could lead price to neutral zone in nearest term but key resistance remains at 1.0095 which need to be clearly broken to the upside to resume the bullish run targeting 1.0175 or higher.
Source: https://fxinstructor.com/blog/usdchf-daily-forecast-november-19-7
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