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USDCHF Daily Forecast: March 16

USDCHF Daily Forecast: March 16
Wednesday, March 16th, 2011 @ 5:41 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 made a significant bearish momentum yesterday by clearly broken below the range area after two weeks of consolidation as you can see on my daily chart below. This fact confirms the bearish continuation scenario targeting 0.9100 – 0.9000 this week. On the upside, only a movement back above 0.9230 would be a threat to the bearish continuation scenario and lead us to neutral zone as direction would become unclear.

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