below is the daily forex Analytics from FXOpen
USDCHF Forecast
The USDCHF made indecisive movement yesterday. The pair attempted to push lower, bottomed at 1.0544 but further bearish scenario was rejected as the pair whipsawed to the upside and closed higher at 1.0617. On h4 chart below we can see that the pair still trapped in a range area between 1.0715 – 1.0540. In this kind of market, my favourite trading set up is to buy around 1.0540 or to sell around 1.0715 with a very tight stop loss. A break from the range area should give us a clearer direction.
