USDCHF Daily Forecast Dec 01 2014

Outlook in USDCHF remains on the downside as long as resistance 0.9688 holds on a daily closing basis , support comes at the 0.9548 levels . At this point I’d expect strong support from the 0.9548 levels to contain fall from the 0.9741 levels and ┬ábring rebound , however ; If 0.9548 fails on a daily closing basis , expect the pair to weaken further towards the 0.9328 levels….

On the upside , resistance comes at the 0.9688 levels , to restore the upside momentum , 0.9688 should be taken out on a daily closing basis , If seen , a higher leg above the 0.9741 levels is suggested towards the 0.9795/0.9840 levels , further upside will call for a run towards the 0.9900/1.000 levels…

In all , as long as resistance 0.9688 holds on a daily closing basis , outlook in USDCHF remains on the downside towards the 0.9548 levels and possible lower towards the 0.9328 levels , break of the 0.9688 levels will reverse risk to the upside towards the 0.9795/0.7840 levels and possible higher towards the 0.9900/1.000 levels…….

 

USDCHF Daily Forecast Dec 01 2014

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