The USDCHF failed to continue its bullish momentum yesterday bottomed at 1.0099. The bias is bearish in nearest term especially if price able to make a clear break below 1.0100 testing 1.0000. Immediate resistance is seen around 1.0150.
A clear break above that area could lead price to neutral zone in nearest term testing 1.0200 area. Overall I remain neutral.
The USDCHF had a bullish momentum earlier today in Asian session hit 1.0181 after another failure to break below the range area as you can see on my daily chart below. The bias is bullish in nearest term testing 1.0200. A clear break and daily close above that area would expose 1.0325 region.
Immediate support is seen around 1.0135. A clear break below that area could lead price to neutral zone in nearest term testing 1.0100 – 1.0070 support area. Overall I remain neutral.
The USDCHF attempted to push higher yesterday topped at 1.0181 but whipsawed to the downside and closed below the range area as you can see on my daily chart below. The bias is bearish in nearest term testing 1.0000. Immediate resistance is seen around 1.0100.
A clear break back above that area could lead price to neutral zone in nearest term as direction would become unclear. Overall I remain neutral.
The USDCHF had a moderate bullish momentum yesterday topped at 1.0115. The bias is neutral in nearest term. Immediate support is seen around 1.0080. A clear break below that area could trigger further bearish pressure testing 1.0050/00 region.
Immediate resistance is seen around 1.0150 followed by 1.0200. Potential range is seen between 1.0000 – 1.0200. Overall I remain neutral.
The USDCHF didn’t make significant movement yesterday. The bias remains neutral in nearest term probably with a little bearish bias testing 1.0000 support area. Immediate resistance is seen around 1.0100.
A clear break above that area could trigger further bullish pressure testing 1.0150 – 1.0200 region. Overall I remain neutral.
The USDCHF had a bullish momentum yesterday topped at 1.0177 after ECB tapers stimulus program to a €60bn a month. The bias is bullish in nearest term retesting 1.0200 key resistance. A clear break and daily/weekly close above that area would expose 1.0325 region next week. Immediate support is seen around 1.0150.
A clear break below that area could lead price to neutral zone in nearest term testing 1.0100 area. Overall I remain neutral.
The USDCHF attempted to push lower last week bottomed at 1.0018 but whipsawed to the upside and closed at 1.0172. The bias is bullish in nearest term especially if price able to make a clear break above 1.0200 testing 1.0325 region. Immediate support is seen around 1.0150.
A clear break below that area could lead price to neutral zone in nearest term testing 1.0100 area. Overall I remain neutral.
The USDCHF had a bearish momentum yesterday bottomed at 1.0124. The bias is bearish in nearest term testing 1.0100. A clear break and daily close below that area could trigger further bearish pressure testing 1.0050/00 region. Immediate resistance is seen around 1.0160.
A clear break above that area could lead price to neutral zone in nearest term testing 1.0200 region. Overall I remain neutral.
The USDCHF was indecisive yesterday. The bias is neutral in nearest term. Immediate support is seen around 1.0100. A clear break below that area could trigger further bearish pressure testing 1.0050/00 area.
Immediate resistance is seen around 1.0150 followed by 1.0200. Overall I remain neutral.
The USDCHF had a bullish momentum yesterday and now struggling around 1.0200 key resistance. The bias is bullish in nearest term especially if price able to stay consistently above 1.0200 testing 1.0325 area. Immediate support is seen around 1.0180.
A clear break back below that area could lead price to neutral zone in nearest term testing 1.0150 – 1.0100 region as we might have a false breakout bearish scenario.
