USDCHF Daily Forecast: December 04

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By swibowo | December 4, 2012 3:21 PM EST

Fx Instructor

USDCHF Forecast

The USDCHF didn’t make significant movement yesterday but overall still able to maintain its bearish intraday bias and struggling around 0.9250. There are no changes in my technical outlook. The bias remains bearish in nearest term especially if price able to make a clear break below 0.9250 testing 0.9200 – 0.9115. Immediate resistance is seen around 0.9285 – 0.9300. A clear break above that area could lead price to neutral zone in nearest term as direction would become unclear.

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