USDCHF Daily Forecast: March 19
USDCHF Forecast
The USDCHF was indecisive yesterday but overall still able to maintain its bearish bias as a part of the false breakout bearish scenario as you can see on my daily chart below. The bias remains bearish in nearest term testing 0.9985. Immediate resistance is seen around 1.0025. A clear break above that area could lead price to neutral zone in nearest term testing 1.0050 but key resistance remains at 1.0095. On the downside, a clear break and daily close below 0.9985 would expose 0.9900 region. Fundamental focus this week will be on the FOMC statement on Wednesday/Thursday.
Source: https://fxinstructor.com/blog/usdchf-daily-forecast-march-19-7
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