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USDCHF Daily Forecast: March 13

Sunday, March 12, 2017 17:45
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USDCHF Forecast
The USDCHF attempted to push higher last week topped at 1.0170 but closed lower at 1.0109. The bias is bearish in nearest term testing the lower line of the bullish channel and 1.0070 support area which is a good place to buy with a tight stop loss as a clear break below the bullish channel would end the current bullish phase testing 1.0000 or lower. Immediate resistance is seen around 1.0115. A clear break above that area could lead price to neutral zone in nearest term testing 1.0170 – 1.0200 region. Overall I remain neutral.



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