Wednesday, October 5, 2011

USD/CHF - The Swissy Remains Indecisive

The USDCHF was indecisive yesterday.
 
The market made a Doji on daily chart. The forecast is neutral in the near term. However this market is still within a major bullish scenario possibly testing 0.9320.
 
 Immediate support is seen at 0.9141 (yesterday’s low). A clear break below that could trigger see us testing 0.9050/20 next.

 

  
 
 Posted by David Frank, Avafx