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USDCHF Daily Forecast: January 10

USDCHF Daily Forecast: January 10
Thursday, January 10th, 2019 @ 4:08 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 0.9732 and hit 0.9716 earlier today in Asian session. The bias remains bearish in nearest term testing 0.9600 – 0.9535 key support area. Immediate resistance is seen around 0.9785. A clear break above that area could lead price to neutral zone in nearest term but as long as stay inside/below the bearish channel I prefer a bearish scenario at this phase and any upside pullback should be seen as a good opportunity to sell.

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