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USDCHF Daily Forecast: October 12

USDCHF Daily Forecast: October 12
Thursday, October 12th, 2017 @ 12:59 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 but overall still able to maintain its bearish bias since formed a bearish pin bar as you can see on my daily chart below, hit a fresh weekly low at 0.9717. The bias remains bearish in nearest term testing 0.9700 – 0.9650 region. Immediate resistance is seen around 0.9765. A clear break above that area could lead price to neutral zone in nearest term testing 0.9807/36 key resistance area. Overall I remain neutral.


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