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USDCHF Daily Forecast: January 12
Sunday, January 11, 2015 21:09
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USDCHF Forecast
The USDCHF attempted to push higher last week topped at 1.0215 but closed lower at 1.0144 and hit 1.0117 earlier today. The bias is bearish in nearest term especially if price able to make a clear break below the minor bullish channel testing 1.0050 support area but overall I remain bullish and any downside pullback now should be seen as a good opportunity to buy. Immediate resistance is seen around 1.0175. A clear break above that area could lead price to neutral zone in nearest term but would keep the major bullish scenario remains strong testing 1.0250 – 1.0300.
Source: http://www.fxinstructor.com/blog/usdchf-daily-forecast-january-12-4
