USDCHF Daily Forecast: December 05

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By swibowo | December 5, 2013 5:49 PM EST

Fx Instructor

USDCHF Forecast

The USDCHF attempted to push higher yesterday topped at 0.9076 but whipsawed to the downside and hit 0.9002 earlier today. The bias is bearish in nearest term testing 0.9000 – 0.8945. Immediate resistance is seen around 0.9030. A clear break above that area could lead price to neutral zone in nearest term retesting 0.9076. Overall, I still prefer a bearish scenario at this phase.

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