USDCHF Daily Forecast: October 12 - Forex
International Business Times
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By swibowo | October 12, 2012 3:49 PM EST

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USDCHF Forecast

The USDCHF had a bearish momentum yesterday after another failure to make a clear break above 0.9420/35 key resistance area bottomed at 0.9335. The bias is bearish in nearest term testing 0.9250. Immediate resistance is seen around 0.9370. A clear break back above that area could lead price to neutral zone in nearest term retesting 0.9420/35. I still prefer a bearish scenario at this phase.

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