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USDCHF Daily Forecast: December 31

USDCHF Daily Forecast: December 31
Friday, December 31st, 2010 @ 7:23 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 continued its bearish momentum yesterday, bottomed at 0.9342 but corrected higher earlier today in Asian session hit 0.9395. The bias is neutral in nearest term but still in the context of a major bearish scenario with new bearish target around 0.9275. Immediate resistance at 0.9440. Break above that area could trigger further upside correction testing 0.9550. Today is the last day of 2010 so watch out for potential upside consolidation move. Happy New Year! May we all have a more profitable year.

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