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USDCHF Daily Forecast: October 09

USDCHF Daily Forecast: October 09
Tuesday, October 9th, 2018 @ 4:52 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 was indecisive yesterday. The bias is neutral in nearest term but overall price is still in a valid bullish phase since broke above the bearish channel as you can see on my H4 chart below. Immediate support is seen around 0.9870. A clear break below that area could trigger further bearish pressure testing 0.9825 region. Immediate resistance is seen around 0.9955. A clear break and daily close above that area would expose 1.0055 region.

usdchfh4

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