USDCHF Daily Forecast Aug 05 2014

Outlook in USDCHF has turned neutral , resistance comes at the 0.9105 levels , to resume the upside offensive , sustained trading – daily closing – above the 0.9105 levels is needed , If seen , the pair will target 0.9200 next , further upside will aim the .9250 levels..

On the downside , support comes at the 0.9040 levels , losing this level on a daily closing basis will bring a free fall towards the 0.8977 levels , further losses would target 0.8910 next…….

In all , the USDCHF is likely to consolidate within 0.9040/0.9105 range before the next move , above the 0.9105 will aim the 0.9200 levels ahead of the 0.9250 levels while below 0.9040 levels will pave the way towards the 0.8977 levels ahead of the 0.8910 levels…..

USDCHF Daily Forecast Aug 05 2014

MARKET DATA

UPCOMING ECONOMIC EVENTS