USDCHF Daily Forecast: March 23

(Before It's News)

USDCHF Forecast
The USDCHF had a bearish momentum last week after the FOMC, bottomed at 0.9623 but closed higher at 0.9744. The bias is neutral in nearest term. Important intraday range to closely watched is seen between 0.9730 – 0.9850. A clear break and daily close above 0.9850 could trigger further bullish pressure testing 0.9900 – 0.9980. On the other hand, a clear break below 0.9730 could trigger further bearish pressure retesting 0.9623 area.

• Currency Speculators sharply reduced US Dollar bullish bets last week, Franc turns bullish
• 10-Year Treasury Note Speculators reduced overall bearish positions for 2nd week
• Crude Oil Speculators net bullish positions drop sharply to fall for 4th straight week
• Gold Speculators bullish positions continued to slide sharply, drop for 7th straight week
• Mixed week for Sterling Exchange Rates (Tom Holian)
• Sterling Euro will it break 1.40? (Tom Holian)
• Sterling Exchange Rates Remain Volatile (Matthew Vassallo)
• Examine the case for Euro Strength
• GBPUSD Pre London Open Trade Plan
• EURUSD Daily Forecast: March 20