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Filed under: Market Analysis | 06/30/09 12:15am UTC
swibowo
Setyo Wibowo

USDCHF Daily Forecast: June 30

USDCHF Daily Forecast

The USDCHF made indecisive movement yesterday, formed a Doji formation on daily chart. We have bearish channel as shown on h4 chart below as a result of the market’s disagreement with SNB intervention. The bias is neutral in both nearest and medium term but 1.0750 area remains a potential downside target and important support area. Break below that area should trigger further bearish scenario re-testing 1.0630. CCI in neutral area on daily chart.
usdchf4hchart
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