USDCHF Daily Forecast: November 14

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By swibowo | November 14, 2012 6:49 PM EST

Fx Instructor

USDCHF Forecast

The USDCHF attempted to push higher yesterday, topped at 0.9510 but further bullish momentum was rejected and hit 0.9454 earlier today. The bias is neutral in nearest term but overall I still prefer a bullish scenario at this phase. Immediate support is seen around 0.9435/20. A clear break below that area could trigger further bearish pullback testing 0.9370/50. On the upside, nearest bullish target is seen around 0.9520 followed by 0.9650.

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