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USDCHF Daily Forecast: March 06
Monday, March 6, 2017 5:18
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USDCHF Forecast
The USDCHF was indecisive last week. The bias is neutral in nearest term probably with a little bearish bias testing 1.0050 and the lower line of the bullish channel as you can see on my H4 chart below which is a good place to buy with a tight stop loss as a clear break below the bullish channel would expose 1.0000 or lower. Immediate resistance is seen around 1.0130. A clear break above that area could trigger further bullish pressure testing 1.0200 region which remains a good place to sell with a tight stop loss. Overall I remain neutral.
Source: http://fxinstructor.com/blog/usdchf-daily-forecast-march-06-4
