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USDCHF Daily Forecast: April 30

USDCHF Daily Forecast: April 30
Tuesday, April 30th, 2013 @ 3:10 am by Setyo Wibowo

About Setyo Wibowo:

Setyo Wibowo Living in East Java, Indonesia and holding International Relations degree, Setyo Wibowo began his forex trading career by joining Fortune Channel Investment in 2000 as a market analyst, while learning to trade forex independently on his own. Driven by his desire to share his trading experiences and ideas, Setyo joined the FX Instructor team in 2008. Setyo Wibowo is now living in Mojokerto, East Java, Indonesia.

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USDCHF Forecast
The USDCHF had a bearish momentum yesterday bottomed at 0.9353. The bias remains bearish in nearest term testing 0.9300 – 0.9250 after touched the trend line resistance (red) as you can see on my daily chart below. Immediate resistance is seen around 0.9400. A clear break above that area could lead price to neutral zone in nearest term testing 0.9450 area.

usdchfdaily

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