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USDCHF Daily Forecast: April 16

USDCHF Daily Forecast: April 16
Monday, April 16th, 2018 @ 4:58 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 was indecisive last week. The bias is neutral in nearest term. Key resistance remains at 0.9650 which remains a good place to sell with a tight stop loss as a clear break above that area would invalidate the rising wedge formation testing 0.9750 or higher. Immediate support is seen around 0.9600. A clear break below that area could trigger further bearish pressure testing 0.9570/20 key support which need to be clearly broken to the downside to confirm the rising wedge scenario testing 0.9425 area. Overall I remain neutral.

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