USDCHF Daily Forecast: April 28 2016

USDCHF Daily Forecast: April 28 2016

28 April 2016, 05:48
Roberto Jacobs
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USDCHF Daily Forecast: April 28 2016

USDCHF Forecast

The USDCHF had another indecisive movement yesterday. Price attempted to push lower but still unable to make a clear break and consistent movement below 0.9715 so far. The bias is neutral in nearest term. Immediate resistance is seen around 0.9750. A clear break above that area could trigger further bullish pressure testing 0.9800 which need to be clearly broken to the upside to continue the bullish scenario targeting 0.9900. On the downside, a clear break and daily close below 0.9715 would interrupt the bullish scenario testing testing 0.9650 or lower.

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