The USDCHF was indecisive yesterday but overall still able to maintain its bearish bias and hit 0.9505 earlier today. There are no changes in my technical outlook. The bias remains bearish in nearest term testing 0.9420 as bearish correction target. Immediate resistance remains around 0.9600 followed by 0.9650 which need to be broken to the upside to interrupt the current bearish intraday bias.
©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]
- 'Game of Thrones'-like Film, 'The Queen of the Tearling,' Casts Emma Watson as Lead Star and Exec Producer [PHOTOS]
- Kim Kardashian Baby Girl: Suggested Ways Kanye West’s New Born Can Earn Money to Keep Up with the Kardashians [PHOTOS]
- Asus Transformer Infinity Pad, Sony Vaio Duo, Toshiba Satellite, A Look at Intel's Haswell 4th Generation Ultrabooks and Notebooks [Photos]