USDCHF Daily Forecast: April 16

The USDCHF didn’t make significant movement last week but overall still able to maintain its bullish intraday bias after bounced from 0.9000 two weeks ago but the medium term outlook remains sideways between 0.8930 – 0.9320 and need a clear break from the range area to see clearer direction. The bias is bullish in nearest term testing 0.9320. Immediate support is seen around 0.9180/50. A clear break below that area would lead price to neutral zone in nearest term as direction would become unclear.

©2012 FX Instructor Forex Blog - For Traders, By Traders. All Rights Reserved.

.