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Friday, May 12, 2017

USDCHF Daily Forecast: May 12

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USDCHF Forecast

The USDCHF had another indecisive movement yesterday. The bias is neutral in nearest term but overall price is still in a bullish phase after broke above the trend line resistance as you can see on my H4 chart below targeting 1.0170 area. Immediate support remains around 1.0050. A clear break back below that area would interrupt the bullish scenario testing 1.0000 region. Overall I remain neutral.

usdchfh4

May 12, 2017 at 09:39AM

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from swibowo

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