The USDCHF had a bullish momentum yesterday topped at 0.9732 and hit 0.9737 earlier today in Asian session. The bias is bullish in nearest term testing 0.9765 – 0.9807 key resistance area which remains a good place to sell.
Immediate support is seen around 0.9700. A clear break below that area could lead price to neutral zone in nearest term testing 0.9650/20 support area. On the upside, a clear break and daily close above 0.9807 would activate my bullish mode.
The USDCHF attempted to push higher yesterday topped at 0.9758 but closed a little bit lower at 0.9726. The bias is neutral in nearest term. Immediate support is seen around 0.9700. A clear break below that area could trigger further bearish pressure testing 0.9650/20 support area.
On the upside, 0.9765 – 0.9807 remains a key resistance and a good place to sell with a tight stop loss as a clear break above that area would activate my bullish mode.
The USDCHF attempted to push higher yesterday topped at 0.9765 but whipsawed to the downside, closed lower at 0.9657 and hit 0.9641 earlier today in Asian session. The bias is bearish in nearest term testing 0.9620 – 0.9550 support area.
Immediate resistance is seen around 0.9700. A clear break above that area could lead price to neutral zone in nearest term but key resistance remains around 0.9765 – 0.9807 region which remains a good place to sell.
The USDCHF was indecisive yesterday. The bias is neutral in nearest term probably with a little bearish bias testing 0.9550 support area.
Immediate resistance is seen around 0.9700 but key resistance remains at 0.9765 – 0.9807 which remains a good place to sell with a tight stop loss as a clear break above 0.9807 would activate my bullish mode. On the downside, a clear break and daily/weekly close below 0.9550 would expose 0.9450 key support area next week.
The USDCHF attempted to push higher last week topped at 0.9765 but whipsawed to the downside and closed at 0.9647. The bias is neutral in nearest term. Immediate support is seen around 0.9580. A clear break and daily close below that area could trigger further bearish pressure testing 0.9450 key support.
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 remains a good place to sell.
The USDCHF was indecisive yesterday. There are no changes in my technical outlook. The bias remains neutral in nearest term. Immediate support remains at 0.9580. A clear break and daily close below that area could trigger further bearish pressure testing 0.9450 key support.
Immediate resistance remains 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 remains a good place to sell.
The USDCHF had a bullish momentum yesterday topped at 0.9688 and hit 0.9697 earlier today in Asian session. The bias is bullish in nearest term but price is still trapped between 0.9580 – 0.9700 range area. A clear break above 0.9700 would expose 0.9765 – 0.9807 key resistance which remains a good place to sell.
Immediate support is seen around 0.9650. A clear break below that area could lead price to neutral zone in nearest term testing 0.9580 area.
The USDCHF didn’t make significant movement yesterday. The bias is neutral in nearest term. We need a clear break from 0.9580 – 0.9700 range area to see clearer direction. A clear break below 0.9580 would expose 0.9500 – 0.9450 support area.
On the upside, a clear break above 0.9700 would expose 0.9765 – 0.9807 key resistance which remains a good place to sell with a tight stop loss.
The USDCHF was indecisive yesterday. The bias remains neutral in nearest term. It’s been a boring market this week and price is still trapped between 0.9580 – 0.9700 range area. We need a clear break from that range area to see clearer direction.
A clear break below 0.9580 would expose 0.9500 – 0.9450 support area. On the upside, a clear break above 0.9700 would expose 0.9765 – 0.9807 key resistance which remains a good place to sell with a tight stop loss. I will stand aside for now.
The USDCHF attempted to push higher last week topped at 0.9697 but whipsawed to the downside and closed below 0.9580 support area. The bias is bearish in nearest term testing 0.9500 – 0.9450 key support.
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 region or higher. I prefer a bearish scenario at this phase but 0.9450 key support should remain a good place to buy with a tight stop loss.
