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USDCHF Daily Forecast: December 22

December 21, 2009 - 8:51 pm by FX Instructor · Leave a Comment 

USDCHF Forecast
The USDCHF continued it’s bullish momentum yesterday, topped at 1.0481 and closed at 1.0459.

The bias remains to the upside targeting 1.0530 before aim for 1.0700 area but we need consistent move above 1.0450 area to continue the bullish scenario.

Another movement below 1.0450 area should lead us into no trading zone but short position is not recommended at this phase.

usdchfdaily

Setyo Wibowo
fxinstructor.com

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