USDCHF Daily Forecast: May 09 2016

USDCHF Daily Forecast: May 09 2016

9 May 2016, 03:38
Roberto Jacobs
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USDCHF Daily Forecast: May 09 2016

USDCHF Forecast

The USDCHF attempted to push lower last week bottomed at 0.9443 but whipsawed to the upside and closed higher at 0.9727 after formed a long legged Doji as you can see on my daily chart below which end the bearish run. The bias is bullish in nearest term testing 0.9795. A clear break and daily close above that area could trigger further bullish scenario this week targeting 0.9915 or higher. Immediate support is seen around 0.9680. A clear break below that area could lead price to neutral zone in nearest term testing 0.9645 area or lower. My major technical outlook is neutral.

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