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USDCHF Daily Forecast: May 16

USDCHF Daily Forecast: May 16
Wednesday, May 16th, 2018 @ 1:44 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 another indecisive movement yesterday. The bias remains neutral in nearest term probably with a little bullish bias testing 1.0055 key resistance area which need to be clearly broken to the upside to reactivate my bullish mode. On the downside, key short-term support is seen around 0.9960. A clear break and daily close below that area would trigger further bearish pressure testing 0.9900 or lower.

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