USDCHF Daily Forecast: December 20

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By swibowo | December 20, 2013 5:49 PM EST

Fx Instructor

USDCHF Forecast

The USDCHF continued its bullish momentum yesterday and hit 0.8991 earlier today. The bias remains bullish in nearest term especially if price able to make a clear break above 0.9000 testing 0.9050 – 0.9095. Immediate support is seen around 0.8960. A clear break below that area could lead price to neutral zone in nearest term testing 0.8900. The major bearish scenario should remain valid but a clear break and consistent movement above 0.9050 – 0.9095 could be a threat to the major bearish outlook.

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