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USDCHF Daily Forecast: August 10

USDCHF Daily Forecast: August 10
Friday, August 10th, 2018 @ 4:12 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 yesterday. Price attempted to push lower bottomed at 0.9894 but closed higher at 0.9936. The bias is neutral in nearest term probably with a little bullish bias testing 0.9970 – 1.0000 region but key resistance remains at 1.0055 area. Immediate support is seen around 0.9920. A clear break below that area could trigger further bearish pressure testing 0.9900 – 0.9870 region. Overall price is still trapped inside 1.0055 – 0.9785 range area as you can see on my H4 chart below.

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