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USDCHF Daily Forecast: June 30

USDCHF Daily Forecast: June 30
Tuesday, June 30th, 2009 @ 12:15 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 Daily Forecast

The USDCHF made indecisive movement yesterday, formed a Doji formation on daily chart. We have bearish channel as shown on h4 chart below as a result of the market’s disagreement with SNB intervention. The bias is neutral in both nearest and medium term but 1.0750 area remains a potential downside target and important support area. Break below that area should trigger further bearish scenario re-testing 1.0630. CCI in neutral area on daily chart.

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