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USDCHF Daily Forecast: April 27

USDCHF Daily Forecast: April 27
Tuesday, April 27th, 2010 @ 2:39 am by Setyo Wibowo

About Setyo Wibowo:

Living in East Java, Indonesia and holding International Relations degree, Setyo Wibowo began his forex trading career by joining Fortune Channel Investment in 2000 as a market analyst, while learning to trade forex independently on his own. Driven by his desire to share his trading experiences and ideas, Setyo joined the FX Instructor team in 2008. Setyo Wibowo is now living in Mojokerto, East Java, Indonesia.

About Me My Articles

USDCHF Forecast
The USDCHF still show no clear direction in a volatile market so far and we are still in no trading zone for this pair. Overall price still move in range area of 1.0888 – 1.0420. However, note that the raising wedge formation indicating potential bearish scenario especially if price break below the wedge testing 1.0420. Immediate support is seen at 1.0660/75. Break below that area could trigger further bearish pressure testing 1.0600. Initial resistance at 1.0786 (yesterday’s high) followed by 1.0848.

Posted in Market Analysis

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