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USDCHF Daily Forecast: December 23

Premium Market Reports by FXTechStrategy

USDCHF Daily Forecast: December 23
Wednesday, December 23rd, 2009 @ 1:45 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.

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USDCHF Forecast
The USDCHF didn’t make significant movement yesterday, but the fact that price so far able to stay above 1.0450 should keep the bullish scenario intact with target at least around 1.0530 before aim for 1.0700 area. I don’t see significant bearish correction signal so far, so I am expecting further bullish continuation at this phase. Another movement below 1.0450 area should lead us into no trading zone as direction would become unclear in nearest term as market might consolidate but overall the bias remains to the upside.

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