The USDCHF had a bullish momentum yesterday after another failure to make a clear break below 0.9450 key support as you can see on my daily chart below. The bias is bullish in nearest term testing 0.9600 – 0.9650 resistance area.
Immediate support is seen around 0.9525. A clear break below that area could lead price to neutral zone in nearest term retesting 0.9450 key support which remains a good place to buy with a tight stop loss. I prefer a bearish scenario at this phase as price is still moving below the daily EMA 200 but need a clear break below 0.9450 to reactivate my bearish mode.
The USDCHF continued its bullish momentum yesterday topped at 0.9618. The bias remains bullish in nearest term testing 0.9650 – 0.9700 area.
Immediate support is seen around 0.9550/25 region. A clear break below that area could lead price to neutral zone in nearest term retesting 0.9450 key support which remains a good place to buy with a tight stop loss as a clear break below that area would reactivate my bearish mode targeting 0.9250 region.
The USDCHF continued its bullish momentum yesterday topped at 0.9660. The bias remains bullish in nearest term testing 0.9700 area.
Immediate support is seen around 0.9585 area. A clear break below that area could lead price to neutral zone in nearest term testing 0.9525 region but key support remains at 0.9450 area. On the upside, a clear break and daily close above 0.9700 would expose 0.9765 – 0.9807 key resistance which is a good place to sell with a tight stop loss.
The USDCHF attempted to push higher yesterday slipped above 0.9700 resistance area but whipsawed to the downside and closed lower at 0.9628, formed a bearish pin bar formation as you can see on my daily chart below. The bias is bearish in nearest term testing 0.9585 area.
Immediate resistance is seen around 0.9700. A clear break above that area could lead price to neutral zone in nearest term as direction would become unclear. On the downside, a clear break and daily/weekly close below 0.9585 would retest 0.9450 key support area next week.
The USDCHF attempted to push higher last week topped at 0.9703 but closed lower at 0.9595. We have a bearish pin bar formation on daily chart as you can see on my daily chart below suggests a bearish scenario. The bias is bearish in nearest term testing 0.9525 area.
A clear break and daily close below that area would expose 0.9450 key support which remains a good place to buy with a tight stop loss. Immediate resistance is seen around 0.9650. A clear break above that area could lead price to a neutral zone in nearest term as direction would become unclear.
The USDCHF was indecisive yesterday. The bias is neutral in nearest term probably with a little bearish bias testing 0.9565 – 0.9525 support area as a part of the bearish scenario after the appearance of the bearish pin bar on daily chart last week.
Immediate resistance is seen around 0.9650. A clear break and daily close above that area could trigger further bullish pressure testing 0.9700 region or higher. On the downside, a clear break and daily close below 0.9525 would expose 0.9450 key support which remains a good place to buy.
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 0.9565 – 0.9525 support area as a part of the bearish scenario after the appearance of the bearish pin bar on daily chart last week.
Immediate resistance remains around 0.9650. A clear break and daily close above that area could trigger further bullish pressure testing 0.9700 region or higher. On the downside, a clear break and daily close below 0.9525 would expose 0.9450 key support which remains a good place to buy.
The USDCHF had a bullish momentum yesterday topped at 0.9717. The bias is bullish in nearest term testing 0.9765 – 0.9807 key resistance area which is a good place to sell with a tight stop loss.
Immediate support is seen around 0.9650. A clear break below that area could lead price to neutral zone in nearest term testing 0.9600 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 0.9747 but closed lower at 0.9704. The bias is neutral in nearest term probably with a little bearish bias as price printed a bearish pin bar formation as you can see on my daily chart below testing 0.9650 support area.
Immediate resistance is seen around 0.9747. A clear break above that area could trigger further bullish pressure testing 0.9765 – 0.9807 key resistance which remains a good place to sell with a tight stop loss.
The USDCHF had a bullish momentum last week topped at 0.9747 but closed a little bit lower at 0.9695. The bias is neutral in nearest term. Key resistance is seen around 0.9765 – 0.9807 area which is a good place to sell.
Immediate support is seen around 0.9650. A clear break and daily close below that area could trigger further bearish pressure testing 0.9525 support area buy key support remains at 0.9450 which remains a good place to buy. Overall I am neutral on this pair.
