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USDCHF Daily Forecast: July 06

Premium Market Reports by FXTechStrategy

USDCHF Daily Forecast: July 06
Monday, July 6th, 2009 @ 12:13 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 Daily Forecast

The USDCHF had a moderate bullish momentum on Friday. Similar to the EURUSD, we do not have clear direction in medium term so far, but the fact that the trendline support hold and the triangle has been violated to the upside should trigger further upside pressure testing 1.0970 area. Immediate support at 1.0825 followed by 1.0780. CCI in neutral area on daily chart.

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