USDCHF Daily Forecast: May 17 2016

USDCHF Daily Forecast: May 17 2016

17 May 2016, 06:53
Roberto Jacobs
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USDCHF Daily Forecast: May 17 2016

USDCHF Forecast

The USDCHF had a moderate bullish momentum yesterday topped at 0.9784. The bias is bullish in nearest term 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 0.9740. A clear break below that area could lead price to neutral zone in nearest term testing 0.9700 region.  My major technical outlook remains neutral.

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