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USDCHF Daily Forecast: August 28

Tuesday, August 28, 2012 12:51
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USDCHF Forecast
The USDCHF was indecisive yesterday. There are no changes in my technical outlook. The bias remains neutral in nearest term. Overall price is still in a bearish correction phase. Immediate support remains around 0.9580. A clear break below that area would keep the bearish correction bias remains strong testing 0.9420 region. Immediate resistance is seen around 0.9650. A clear break and daily close above that area could be a threat to the bearish correction phase testing 0.9700 – 0.9750 region but key resistance remains at 0.9800.

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