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USDCHF Daily Forecast: May 07
Monday, May 6, 2013 21:42
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USDCHF Forecast
The USDCHF had a bullish momentum yesterday topped at 0.9396. The bias is bullish in nearest term especially if price able to make a clear break above 0.9400 testing 0.9450 or higher. Immediate support is seen around 0.9378 (current low). A clear break below that area could lead price to neutral zone in nearest term testing the lower line of the bullish channel and 0.9350. A clear break and daily close below that area will interrupt the current short term bullish outlook.
Source: http://www.fxinstructor.com/blog/usdchf-daily-forecast-may-07-3
