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USDCHF Daily Forecast: February 12

USDCHF Daily Forecast: February 12
Tuesday, February 12th, 2013 @ 9:24 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 didn’t make significant movement yesterday. Price slipped above 0.9200 but still unable to make a clear break above that area so far. The bias remains neutral in nearest term. Key intraday resistance remains around 0.9200. A clear break and daily close above that area could trigger further bullish pressure testing 0.9250 0r higher. On the downside, a clear break and daily close below 0.9150 could trigger further bearish pressure testing 0.9100 or lower. Overall I still prefer a bearish scenario.

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