The USDCHF continued its bearish momentum yesterday bottomed at 0.9644. The bias remains bearish in nearest term testing 0.9570. Immediate resistance is seen around 0.9670.
A clear break back above that area could lead price to neutral zone in nearest term testing 0.9715 but overall I still prefer a bearish scenario at this phase and any upside pullback should be seen as a good opportunity to sell.
As expected, the USDCHF continued its bearish momentum yesterday bottomed at 0.9581. The bias remains bearish in nearest term especially if price able to make a clear break below 0.9570 testing 0.9470 region. Immediate resistance is seen around 0.9620.
A clear break above that area could lead price to neutral zone in nearest term testing 0.9670 area but overall I still prefer a bearish scenario at this phase and any upside pullback should be seen as a good opportunity to sell.
The USDCHF was corrected higher yesterday topped at 0.9656 after unable to break below 0.9570 support area as you can see on my daily chart below. Overall I still prefer a bearish scenario at this phase but the bias is bullish in nearest term testing 0.9670.
A clear break above that area could trigger further bullish pullback testing 0.9715 area. Immediate support is seen around 0.9615. A clear break below that area could lead price to neutral zone in nearest term retesting 0.9570.
The USDCHF continued its bearish momentum last week bottomed at 0.9578 but closed a little bit higher at 0.9641. The bias is neutral in nearest term. Immediate resistance is seen around 0.9670.
A clear break above that area could trigger further bullish pressure testing 0.9715 region. Immediate support is seen around 0.9570. A clear break and daily close below that area could trigger further bearish pressure testing 0.9470 area.
The USDCHF attempted to push higher yesterday topped at 0.9678 but closed lower at 0.9642. The bias is neutral in nearest term probably with a little bearish bias testing 0.9570 support area.
Immediate resistance is seen around 0.9678 (yesterday’s high). A clear break above that area could trigger further bullish pressure testing 0.9715 or higher.
The USDCHF had another indecisive movement yesterday. The bias remains neutral in nearest term probably with a little bearish bias testing 0.9570 support area.
Immediate resistance is seen around 0.9670. A clear break and daily close above that area could trigger further bullish pressure testing 0.9715 or higher.
The USDCHF had another indecisive movement yesterday. There are no changes in my technical outlook. The bias remains neutral in nearest term probably with a little bearish bias testing 0.9570 support area. Immediate resistance remains around 0.9670.
A clear break and daily close above that area could trigger further bullish pressure testing 0.9715 or higher. On the downside, a clear break and daily close below 0.9570 could trigger further bearish pressure testing 0.9470 area. I prefer a bearish scenario at this phase.
The USDCHF had another indecisive movement yesterday. As you can see on my daily chart below, price is trapped between 0.9670 – 0.9570 range area which need to be clearly broken to see clearer direction.
Overall I prefer a bearish scenario at this phase targeting 0.9470 but a clear break and daily/weekly close above 0.9670 could trigger further bullish pressure testing 0.9795 next week.
The USDCHF was indecisive last week. The bias is neutral in nearest term. As you can see on my daily chart below, price is still trapped between 0.9570 – 0.9670 and we need a clear break from that range area to see clearer direction.
Overall I prefer a bearish scenario at this phase and expecting a clear break below 0.9570 targeting 0.9470 area.
The USDCHF had another indecisive movement yesterday. The bias remains neutral in nearest term and we need a clear break from the range area (0.9570 – 0.9670) to see clearer direction.
Overall I prefer a bearish scenario at this phase and expecting a clear break below 0.9570 targeting 0.9470 area or lower.
