USDCHF Daily Forecast Apr 23 2014

The USDCHF  maintained a bullish momentum yesterday , printed support at the 0.8832 levels . This development leaves the pair targeting the 0.8895  levels where a breach will turn focus on the 0.8940 levels , further upside will aim the 0.8985 levels.

On the downside , main support comes at the 0.8832  levels , losing this level on a daily closing basis will turn outlook neutral for retesting 0.8765 /0.8740 levels before the next possible rise.

In all , as long as support 0.8832  holds on a daily closing basis , outlook in USDCHF remains on the upside towards the 0.8895/0.8940 levels , below 0.8832  will reverse risks towards the 0.8765 /0.8740 levels.


USDCHF Daily Forecast Apr 23 2014