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USDCHF Daily Forecast: January 29

USDCHF Daily Forecast: January 29
Tuesday, January 29th, 2019 @ 6:19 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 had a moderate bearish momentum yesterday bottomed at 0.9905. The bias is bearish in nearest term especially if price able to make a clear break below 0.9900, which would invalidate the bullish phase, testing 0.9850 region. Immediate resistance is seen around 0.9950. A clear break above that area could lead price to neutral zone in nearest term but would keep the bullish phase alive and kicking testing 1.000 – 1.0050 area.

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