The USDCHF attempted to push lower last week bottomed at 0.9146 but closed higher at 0.9215. Overall I still prefer a bearish scenario at this phase but the bias is bullish in nearest term testing 0.9250 – 0.9300 but key resistance remains around 0.9350. A clear break above that area would be a threat to the bearish outlook and could be an early signal of a bullish reversal scenario.
Most Popular Slideshows
- Top Ten Richest Americans [PHOTOS]
- 'Jelena' Romance: Selena Gomez Shares her Most Shocking Date with Justin Bieber Involving $3M- Diamond [PHOTOS/VIDEO]
- Top 10 Highest-Paid Tennis Athletes as Ranked by Forbes: Roger Federer, Maria Sharapova, Novak Djokovic and More
- Meet the Aussie “Belieber” Who Survived Car Accident When Kept Conscious by A Friend Talking About Justin Bieber [PHOTOS/VIDEO]