USDCHF Daily Forecast Dec 03 2014

The USDCHF continued its bullish momentum yesterday , printed support at the 0.9641 levels and topped at the 0.9729 levels. This development leaves the pair targeting the 0.7985 levels , a halt is likely , but a break would open 0.9850 next , further upside will aim the 0.9930/1.000 levels..

On the downside , support comes at the 0.9641 levels , a failure to hold above the 0.9729 levels could mean a return to the 0.9641 levels , a halt is likely , but losing the 0.9641 levels will turn outlook neutral and bring consolation above the 0.9529 levels before the next rise…

In all , as long as support 0.9641 holds on a daily closing basis , outlook in USDCHF remains on the upside towards the 0.9785 levels ahead of the 0.9850 levels , below the 0.9641 levels  will turn outlook neutral towards the 0.9529  levels before the next rise…

Note that stability above the key resistance 0.9729 on a daily closing basis , will turn this level resistance to a support levels.

In the medium / long term forecast , as long as support 0.9572/0.9529 holds on a weekly closing basis , outlook in USDCHF remains on the upside towards the 0.9800 levels ahead of the 0.9925 levels , below 0.9529 will bring a corrective pullback towards the 0.9153/0.9000 levels before the next rise

 

USDCHF Daily Forecast Dec 03 2014

USDCHF Weekly Forecast Dec 01 2014

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