USDCHF Daily Forecast Aug 28 2014

Outlook in USDCHF has turned neutral at the moment , support comes at the 0.9137 levels while resistance comes at the 0.9185 levels . On the downside , losing the 0.9137 levels on a daily closing basis will suggest short term topping and open the 0.9103/0.9089 levels before the next rise , If 0.9089 fails , expect the pair to weaken further towards the 0.9020 levels before the next move…

On the upside , a failure to hold below the 0.9137 levels could mean a return to the 0.9185 levels , a break would open 0.9235 next , further upside will aim the 0.9280 levels…

In all , the USDCHF is likely to consolidate within 0.9137/0.9185 range before the next move , below the 0.9137¬†opens the 0.9103/0.9089 levels before the next possible rise while above the 0.9185 will target 0.9235/0.9280 levels….

 

USDCHF Daily Forecast Aug 28 2014

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