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USDCHF Daily Forecast: August 11

USDCHF Daily Forecast: August 11
Friday, August 11th, 2017 @ 2:39 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 attempted to push higher yesterday topped at 0.9675 but closed lower at 0.9625 and hit 0.9612 earlier today in Asian session. The bias remains bearish in nearest term testing 0.9550 area. Immediate resistance is seen around 0.9700. A clear break above that area could lead price to neutral zone in nearest term retesting 0.9765 – 0.9807 key resistance which remains a good place to sell with a tight stop loss. On the downside, a clear break and daily/weekly close below 0.9550 would expose 0.9450 key support which is a good place to buy with a tight stop loss.

usdchfdaily

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