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USDCHF Daily Forecast: March 13

USDCHF Daily Forecast: March 13
Tuesday, March 13th, 2018 @ 12:41 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 bearish momentum yesterday and now struggling around 0.9465 support area as you can see on my daily chart below. This is not what I had expected, but the bullish scenario should remain intact until we have a consistent movement back below 0.9456 support area. The bias is neutral in nearest term. Immediate support is seen around 0.9458 (yesterday’s low). A clear break below that area could trigger further bearish pressure testing 0.9420/00 or lower. Immediate resistance is seen around 0.9510. A clear break above that area could trigger further bullish pressure testing 0.9580 – 0.9650 region. Overall I remain neutral.

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