5/18 fxopen - Forex Analytics

fxopen - Forex Analytics

USDCHF Daily Forecast: May 18

May 18, 2012 at 7:23 AM

USDCHF Forecast
The USDCHF continued its bullish bias yesterday, topped at 0.9480 and hit 0.9489 earlier today. The bias remains bullish in nearest term testing 0.9600 area. Immediate support is seen around 0.9450. A clear break below that area could lead price to neutral zone in nearest term but as long as stays above 0.9320 I still prefer to buy on dips.