The USDCHF was indecisive yesterday. The bias is neutral in nearest term. Overall price is still in a bullish phase since bounced-off 0.9450 key support but unable to make a clear break above 0.9700 resistance so far as you can see on my daily chart above.
Immediate support is seen around 0.9620. A clear break and daily close below that area could trigger further bearish pressure testing 0.9550 region but key support remains at 0.9450. On the upside, a clear break above 0.9700 would expose 0.9765 – 0.9807 key resistance area which remains a good place to sell.
The USDCHF had another indecisive movement yesterday. The bias remains neutral in nearest term. Immediate resistance is seen around 0.9700. A clear break and daily close above that area could trigger further bullish pressure testing 0.9756 – 0.9807 key resistance which remains a good place to sell.
Immediate support is seen around 0.9620. A clear break and daily close below that area could trigger further bearish pressure testing 0.9550 region but key support remains at 0.9450.
The USDCHF had a bullish momentum yesterday closed above 0.9700 resistance as you can see on daily chart above. The bias is bullish in nearest term testing 0.9765 – 0.9807 key resistance which remains a good place to sell with a tight stop loss.
Immediate support is seen around 0.9660. A clear break below that area could lead price to neutral zone in nearest term testing 0.9620 or lower but key support remains at 0.9450.
The USDCHF failed to continue its bullish momentum yesterday bottomed at 0.9672. The bias is neutral in nearest term. Overall price is still in a bullish phase since bounced-off 0.9450 key support but still unable to stay consistently above 0.9700 resistance so far.
Immediate support is seen around 0.9620. A clear break and daily/weekly close below that area could retest 0.9450 key support next week. On the upside, 0.9765 – 0.9807 area remains a key resistance and good place to sell with a tight stop loss.
The USDCHF was indecisive last week but overall still able to maintain its bullish short term bias after bounced off 0.9450 key support two weeks ago. The bias is bullish in nearest term testing 0.9765 – 0.9807 key resistance which remains a good place to sell with a tight stop loss.
Immediate support is seen around 0.9660. A clear break below that area could lead price to neutral zone in nearest term testing 0.9620 or lower.
The USDCHF was indecisive yesterday. The bias is neutral in nearest term. Overall price is still in a bullish phase since bounced-off 0.9450 key support two weeks ago but still respects 0.9765 – 0.9807 key resistance which remains a good place to sell.
Immediate support is seen around 0.9700. A clear break below that area could trigger further bearish pressure testing 0.9660 or lower. On the upside, a clear break above 0.9807 would expose 0.9900/65 region.
The USDCHF attempted to push higher yesterday topped at 0.9772 but closed lower at 0.9740 and hit 0.9705 earlier today in Asian session. Overall price is still in a bullish phase but still respects 0.9765 – 0.9807 key resistance. The bias is bearish in nearest term testing 0.9660 – 0.9620 area.
Immediate resistance is seen around 0.9742 (current high). A clear break above that area could lead price to neutral zone in nearest term retesting 0.9765 – 0.9807 key resistance which remains a good place to sell.
The USDCHF had a bearish momentum yesterday bottomed at 0.9611. The bias remains bearish in nearest term testing 0.9550 area. Immediate resistance is seen around 0.9700.
A clear break above that area could lead price to neutral zone in nearest term retesting 0.9765 – 0.9807 key resistance which remains a good place to sell with a tight stop loss. On the downside, a clear break and daily close below 0.9550 would expose 0.9450 key support once again.
The USDCHF attempted to push higher yesterday topped at 0.9675 but closed lower at 0.9625 and hit 0.9612 earlier today in Asian session. The bias remains bearish in nearest term testing 0.9550 area.
Immediate resistance is seen around 0.9700. A clear break above that area could lead price to neutral zone in nearest term retesting 0.9765 – 0.9807 key resistance which remains a good place to sell with a tight stop loss. On the downside, a clear break and daily/weekly close below 0.9550 would expose 0.9450 key support which is a good place to buy with a tight stop loss.
The USDCHF had a bearish momentum last week after failed to move above 0.9765 – 0.9807 key resistance, bottomed at 0.9581. The bias is bearish in nearest term testing 0.9550. A clear break and daily close below that area would expose 0.9450 key support which is a good place to buy.
Immediate resistance is seen around 0.9675 – 0.9700 area. A clear break and daily close above that area could trigger further bullish pressure retesting 0.9765 – 0.9807 key resistance which remains a good place to sell.
