USDCHF Daily Forecast: August 31

USDCHF Forecast
The USDCHF attempted to push lower last week bottomed at 0.9256 but whipsawed to the upside and closed higher at 0.9624 in a high volatile market. Price traded lower earlier today hit 0.9594. The bias is neutral in nearest term probably with a little bearish bias testing 0.9550. Immediate resistance is seen around 0.9670. A clear break above that area could trigger further bullish pressure testing 0.9750 or higher. Potential daily range today is seen between 0.9550 – 0.9670. My major technical outlook remains neutral.

usdchfhourly

Tags:, , ,