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USDCHF Daily Forecast: March 28

Monday, March 27, 2017 20:57
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USDCHF Forecast
The USDCHF continued its bearish momentum yesterday bottomed at 0.9813 but closed a little bit higher at 0.9856. The bias is neutral in nearest term but overall price is still in a bearish phase since fell below the bullish channel as you can see on my H4 chart below. Immediate support is seen around 0.9800. A clear break and daily close below that area would expose 0.9680 region this week. Immediate resistance is seen around 0.9900. A clear break and daily close above that area could trigger further bullish pressure testing 1.0000 region. Overall I remain neutral.



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