The USDCHF continued its bullish momentum yesterday, broke above 0.9600 and hit 0.9639 earlier today. The bias remains bullish in nearest term testing 0.9700 – 0.9800. Immediate support is seen around 0.9600. A clear break back below that area could lead price to neutral zone in nearest term but only a clear break back below 0.9500 could interrupt the strong bullish outlook and I still prefer to buy on dips.
©2012 FX Instructor Forex Blog - For Traders, By Traders. All Rights Reserved.
Most Popular Slideshows
- Top Ten Most Peaceful Countries in the World in 2013 [SLIDESHOW]
- Kim Kardashian Baby Girl: Suggested Ways Kanye West’s New Born Can Earn Money to Keep Up with the Kardashians [PHOTOS]
- 'Game of Thrones'-like Film, 'The Queen of the Tearling,' Casts Emma Watson as Lead Star and Exec Producer [PHOTOS]
- Asus Transformer Infinity Pad, Sony Vaio Duo, Toshiba Satellite, A Look at Intel's Haswell 4th Generation Ultrabooks and Notebooks [Photos]