USDCHF Daily Forecast: May 18 2016

USDCHF Daily Forecast: May 18 2016

18 May 2016, 06:33
Roberto Jacobs
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USDCHF Daily Forecast: May 18 2016

USDCHF Forecast

The USDCHF had a bullish momentum yesterday slipped above 0.9795 key resistance and hit 0.9813 earlier today. The bias is bullish in nearest term testing 0.9900 before testing 1.0000 region. Immediate support is seen around 0.9765. A clear break below that area could lead price to neutral zone in nearest term as direction would become unclear.  Fundamental focus will be on the FOMC Meeting Minutes.

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