The USDCHF was indecisive yesterday but overall still able to maintain its bearish bias and hit 0.9498 earlier today in Asian session. The bias remains bearish in nearest term testing 0.9450 key support which remains a good place to buy with a tight stop loss.
Immediate resistance is seen around 0.9580. A clear break and daily close above that area could trigger further bullish pressure testing 0.9650 – 0.9700 region. On the downside, a clear break and daily close below 0.9450 would expose 0.9350 – 0.9250 region.
The USDCHF attempted to push lower yesterday slipped below 0.9450 key support but whipsawed to the upside and closed higher at 0.9555, printed a bullish pin bar formation as you can see on my daily chart below. The bias is bullish in nearest term testing 0.9580.
A clear break above that area could trigger further bullish pressure testing 0.9650 – 0.9700 region. On the downside, 0.9450 remains a key support and good place to buy with a tight stop loss.
The USDCHF had a bullish momentum yesterday topped at 0.9645. The bullish pin bar I showed you yesterday gave us a valid bullish signal. The bias remains bullish in nearest term testing 0.9700 – 0.9765 area.
Immediate support is seen around 0.9580. A clear break and daily close back below that area could lead price to neutral zone in nearest term as direction would become unclear testing 0.9525 area but key support remains at 0.9450 region.
The USDCHF failed to continue its bullish momentum yesterday bottomed at 0.9582 and hit 0.9576 earlier today in Asian session. The bias is bearish in nearest term testing 0.9525 but the bullish pin bar formed on Tuesday still provides a valid bullish signal.
Immediate resistance is seen around 0.9650. A clear break above that area could lead price to neutral zone in nearest term testing 0.9700 region but key resistance is seen at 0.9765 – 0.9807 region which remains a good place to sell. I prefer to stand aside for now.
The USDCHF attempted to push lower last week slipped below 0.9450 key support but whipsawed to the upside and closed higher at 0.9645. The bias is neutral in nearest term but the bullish pin bar formation printed on daily chart last week after a false break below 0.9450 still suggests a potential bullish view.
Immediate resistance is seen around 0.9700. A clear break and daily close above that area could trigger further bullish pressure testing 0.9765 – 0.9807 key resistance which is a good place to sell. Immediate support is seen around 0.9525. A clear break and daily close below that area would trigger further bearish pressure retesting 0.9450 key support. I prefer to stand aside for now.
The USDCHF didn’t make significant movement yesterday. The bias remains neutral in nearest term probably with a little bearish bias testing 0.9525 support area. A clear break below that area could trigger further bearish pressure retesting 0.9450 key support which is a good place to buy with a tight stop loss.
Immediate resistance is seen around 0.9589 (current high). A clear break above that area could trigger further bullish pressure testing 0.9650 – 0.9700 region. I still prefer to stand aside.
The USDCHF attempted to push higher yesterday topped at 0.9614 but whipsawed to the downside and closed lower at 0.9546. The bias is bearish in nearest term testing 0.9525 but key support remains at 0.9450.
Immediate resistance is seen around 0.9600. A clear break above that area could lead price to neutral zone in nearest term testing 0.9650 area. I still prefer to stand aside and the best trading plan for me is to buy around 0.9450 or sell around 0.9765.
The USDCHF was indecisive yesterday. The bias is neutral in nearest term. Immediate support is seen around 0.9525. A clear break and daily close below that area could trigger further bearish pressure testing 0.9450 key support which remains a good place to buy with a tight stop loss.
Immediate resistance is seen around 0.9615 followed by 0.9650 but key resistance remains at 0.9765 – 0.9807 region which remains a good place to sell with a tight stop loss. Overall I remain neutral.
The USDCHF had a bearish momentum yesterday bottomed at 0.9493 and slipped below 0.9450 key support earlier today in Asian session. The bias is bearish in nearest term but 0.9450 region is a good place to buy with a tight stop loss.
Immediate resistance is seen around 0.9525. A clear break above that area could lead price to neutral zone in nearest term testing 0.9580 – 0.9600 region. On the downside, a clear break and consistent movement below 0.9450 would expose 0.9250/00 region next week.
The USDCHF had a bearish momentum last week, slipped below 0.9450 key support but still unable to stay consistently below that level so far. The bias is neutral in nearest term. I prefer a bearish scenario at this phase, but need a clear break below 0.9450 to continue the bearish scenario targeting 0.9250 region.
Immediate resistance is seen around 0.9525. A clear break and daily close above that area could trigger further bullish pressure testing 0.9600 area or higher.
