USDCHF Daily Forecast: May 12 2016

USDCHF Daily Forecast: May 12 2016

12 May 2016, 05:58
Roberto Jacobs
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USDCHF Daily Forecast: May 12 2016

USDCHF Forecast

The USDCHF failed to continue its bullish momentum yesterday bottomed at 0.9698. The bias is bearish in nearest term testing 0.9650. Immediate resistance is seen around 0.9750. A clear break above that area could lead price to neutral zone in nearest term but key resistance remains around 0.9795. My major technical outlook remains neutral.

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