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USDCHF Daily Forecast: November 30

USDCHF Forecast
The USDCHF attempted to rebound higher on Friday, topped at 1.0174 but further bullish correction  was rejected as price failed to consistently move above 1.0120 and now back below the trendline (aqua) indicating potential bearish view. The bias is bearish in nearest term with technical target around 0.9913 area. Immediate resistance at 1.0120 area. Break above that area should lead us once again into no trading zone as direction would become unclear for me.

usdchf4hchart

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USDCHF Daily Forecast: November 30

This entry was posted on Sunday, November 29th, 2009 at 7:29 pm and is filed under Forex, Forex News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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