USDCHF Daily Forecast: November 06
November 5, 2009 - 10:30 pm by FX Instructor · Leave a Comment
USDCHF Forecast
Similar to EURUSD and GBPUSD, the USDCHF was indecisive yesterday. On my h4 chart below we can see that the pair still struggling around the lower line of the range area at 1.0166. I think we are in no trading zone now. Technically I still prefer a bearish scenario after false breakout on Tuesday with 1.0000/40 as potential target but we need a convincing movement below 1.0166 to confirm the bearish scenario. Immediate resistance at 1.0192 (yesterday’s high) followed by 1.0270. Eyes on US NFP and unemployment rate today.
