USDCHF Daily Forecast: November 30

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By swibowo | November 30, 2012 12:21 PM EST

Fx Instructor

USDCHF Forecast

The USDCHF had another indecisive movement yesterday. There are no changes in my technical outlook. The bias remains neutral in nearest term. Important intraday range to be closely watched remains between 0.9350 – 0.9250. We need a clear break from that range area to see clearer direction. A clear break and daily close below 0.9250 could trigger further bearish pressure testing 0.9115. On the other hand, a clear break above 0.9350 could trigger further bullish pressure testing 0.9400 – 0.9450.

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