USDCHF Daily Forecast: August 20
USDCHF Forecast
The USDCHF had another indecisive and boring movement last week. Overall price is still trapped between 0.9785 – 1.0055 range area for more than 15 weeks! The bias is neutral in nearest term. Immediate resistance is seen around 0.9990. A clear break above that area could trigger further bullish pressure testing 1.0055 key resistance area. Immediate support is seen around 0.9930. A clear break below that area could trigger further bearish pressure testing 0.9900 – 0.9865 support area. Buy near a support or sell near a resistance is the best plan in this kind of market and you can go both way.
Source: https://fxinstructor.com/blog/usdchf-daily-forecast-august-20-7
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