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USDCHF Daily Forecast: July 17

USDCHF Daily Forecast: July 17
Monday, July 17th, 2017 @ 2:40 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 last week. Price attempted to push higher topped at 0.9700 but closed lower at 0.9632. The bias is bearish in nearest term testing 0.9600 but key support remains at 0.9550 – 0.9450 region which remains a good place to buy with a tight stop loss below 0.9450. Immediate resistance is seen around 0.9675. A clear break above that area could lead price to neutral zone in nearest term retesting 0.9700 area but key resistance is seen at 0.9765 region which is a good place to sell with a tight stop loss.


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