USDCHF Daily Forecast: February 12

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By swibowo | February 12, 2013 8:49 PM EST

Fx Instructor

USDCHF Forecast

The USDCHF didn’t make significant movement yesterday. Price slipped above 0.9200 but still unable to make a clear break above that area so far. The bias remains neutral in nearest term. Key intraday resistance remains around 0.9200. A clear break and daily close above that area could trigger further bullish pressure testing 0.9250 0r higher. On the downside, a clear break and daily close below 0.9150 could trigger further bearish pressure testing 0.9100 or lower. Overall I still prefer a bearish scenario.

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