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USDCHF Daily Forecast: May 12

USDCHF Daily Forecast: May 12
Wednesday, May 12th, 2010 @ 3:40 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 didn’t make significant movement yesterday. The bias is neutral both in nearest and medium term as price still trapped in range area of 1.1175 – 1.0888. Immediate support at 1.1045. Break below that area could trigger further bearish pressure testing 1.0950 region. Initial resistance at 1.1175. Consistent move above that area should trigger further upside pressure re-testing 1.1250 region.

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