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USDCHF Daily Forecast: April 30

USDCHF Daily Forecast: April 30
Monday, April 30th, 2012 @ 6:52 am by Setyo Wibowo

About Setyo Wibowo:

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.

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USDCHF Forecast
The USDCHF was indecisive last week but nearest term bias seems more to the downside right now, testing 0.9000 – 0.8930. Overall price remains sideways without clear direction and momentum. Buying around 0.8930 is not a bad idea as well, with a tight stop loss. Immediate resistance is seen around 0.9080. A clear break above that area could lead price to neutral zone in nearest term testing 0.9130 area.

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