USDCHF Daily Forecast: May 16 2016

USDCHF Daily Forecast: May 16 2016

16 May 2016, 05:39
Roberto Jacobs
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USDCHF Daily Forecast: May 16 2016

USDCHF Forecast

The USDCHF was indecisive last week. The bias is neutral in nearest term probably with a little bullish bias testing 0.9795 key resistance. A clear break and daily close above that area could trigger further bullish pressure testing 1.0000 this week. Immediate support is seen around 0.9700 followed by 0.9650. My major technical outlook remains neutral.

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