USDCHF Daily Forecast: December 30

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By swibowo | December 30, 2013 5:21 PM EST

Fx Instructor

USDCHF Forecast

The USDCHF attempted to push lower last week, bottomed at 0.8799 but whipsawed to the upside and closed higher at 0.8909. The bias is neutral in nearest term. Immediate resistance is seen around 0.8950. A clear break above that area could trigger further bullish pressure testing 0.9000. Immediate support is seen around 0.8870 followed by 0.8800. The major bearish scenario should remain valid but I will stand aside for now.

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