USDCHF Daily Forecast: December 17

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By swibowo | December 17, 2013 6:49 PM EST

Fx Instructor

USDCHF Forecast

The USDCHF had a bearish momentum yesterday bottomed at 0.8846. The bias remains bearish in nearest term especially if price able to make a clear break below 0.8845 testing 0.8800 or lower. Immediate resistance is seen around 0.8880. A clear break above that area could lead price to neutral zone in nearest term testing 0.8945. I still prefer a bearish scenario at this phase.

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