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| USD/CHF Daily Forecast
Mon, November 17 2014 | Dear Fellow Trader,
Setyo Wibowo here with the latest daily forex update from the FX Instructor Forex Blog.
If you have any questions about today's update - please reply to this email and I will be happy to help. Enjoy!
| The USDCHF attempted to push higher last week topped at 0.9699 but whipsawed to the downside and closed lower at 0.9591. The bias is bearish in nearest term testing 0.9560 and the lower line of the bullish channel as you can see on my hourly chart below. A clear break below the bullish channel would be a serious threat to the bullish outlook testing 0.9400 area. Immediate resistance is seen around 0.9620. A clear break above that area could lead price to neutral zone in nearest term but would give the bullish scenario another chance. Please click here to see the chart. |
| | I hope you enjoyed today's forex update! If you have any questions or suggestions, reply to this email - or visit me at the FX Instructor Blog.
Happy Trading! | | | | | | | |