The USDCHF had another indecisive movement yesterday. The bias is neutral in nearest term. I still prefer a bullish scenario at this phase but as long as stays below 0.9770 0.9800 price is still in a bearish correction/consolidation phase testing 0.9600 area. On the upside, a clear break and daily close above 0.9770 0.9800 will reactivate my bullish mode.
©2012 FX Instructor Forex Blog - For Traders, By Traders. All Rights Reserved.
Technical analysis for precious metals with major support and resistance levels and recommendations for 18-08-2009