The USDCHF had a bullish momentum last week topped at 0.9687. The bias is bullish in nearest term especially if price able to make a clear break above 0.9715 testing 0.9800 before targeting 0.9900 area.
Immediate support is seen around 0.9625. A clear break below that area could lead price to neutral zone in nearest term testing 0.9570.
The USDCHF was indecisive yesterday. The bias is neutral in nearest term, but this is not a good sign for the upside scenario as lack of bullish pressure could trigger downside pullback .
Immediate support is seen around 0.9570. A clear break and daily close below that area could trigger further bearish pressure testing 0.9500.
On the upside, we need a clear break and daily close above 0.9715 to keep the bullish phase intact testing 0.9800 before targeting 0.9900.
The USDCHF attempted to push lower yesterday bottomed at 0.9647 but whipsawed to the upside and closed higher at 0.9750. The bias is bullish in nearest term testing 0.9800 before targeting 0.9900.
Immediate support is seen around 0.9715 – 0.9690 area. A clear break below that area could lead price to neutral zone in nearest term testing 0.9650 region.
The USDCHF attempted to push lower yesterday slipped below 0.9715 but still unable to stay consistently below that area so far. This fact keeps the bullish outlook remain intact testing 0.9900 but need a clear break above the daily EMA 200 located around 0.9800.
On the downside, a clear break and daily close below 0.9715 would interrupt the bullish scenario testing testing 0.9650 or lower.
The USDCHF had another indecisive movement yesterday. Price attempted to push lower but still unable to make a clear break and consistent movement below 0.9715 so far.
The bias is neutral in nearest term. Immediate resistance is seen around 0.9750. A clear break above that area could trigger further bullish pressure testing 0.9800 which need to be clearly broken to the upside to continue the bullish scenario targeting 0.9900.
On the downside, a clear break and daily close below 0.9715 would interrupt the bullish scenario testing testing 0.9650 or lower.
The USDCHF had a bearish momentum yesterday broke below 0.9715 and the bullish channel as you can see on my daily chart below. The bias is bearish in nearest term testing 0.9570.
Immediate resistance is seen around 0.9715. A clear break back above that area could lead price to neutral zone in nearest term as direction would become unclear.
The USDCHF attempted to push higher yesterday topped at 0.9604 but whipsawed to the downside and closed lower at 0.9538. The bias remains bearish in nearest term testing 0.9470.
Immediate resistance is seen around 0.9570. A clear break above that area could lead price to neutral zone in nearest term testing 0.9625 area but overall I prefer a bearish scenario at this phase and any upside pullback should be seen as a good opportunity to sell.
The USDCHF attempted to push lower yesterday bottomed at 0.9443 but whipsawed to the upside and closed higher at 0.9541, formed a long legged Doji as you can see on my daily chart below, which suggests a potential bullish pullback or at least a consolidation phase. The bias is bullish in nearest term testing 0.9600 – 0.9650 area.
Immediate support is seen around 0.9500 – 0.9470. A clear break below that area could lead price to neutral zone in nearest term but would keep the bearish scenario remains strong.
The USDCHF had a bullish momentum yesterday topped at 0.9696. The bias is bullish in nearest term testing 0.9715 – 0.9765.
Immediate support is seen around 0.9625. A clear break below that area could lead price to neutral zone in nearest term testing 0.9570 region. My major technical outlook is neutral.
The USDCHF attempted to push lower last week bottomed at 0.9443 but whipsawed to the upside and closed higher at 0.9727 after formed a long legged Doji as you can see on my daily chart below which end the bearish run. The bias is bullish in nearest term testing 0.9795.
A clear break and daily close above that area could trigger further bullish scenario this week targeting 0.9915 or higher.
Immediate support is seen around 0.9680. A clear break below that area could lead price to neutral zone in nearest term testing 0.9645 area or lower. My major technical outlook is neutral.
