USDCHF Daily Forecast Dec 17 2015

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Outlook in USDCHF has turned neutral with risk to the downside, resistance comes at the 0.9922 levels, a failure to hold above the 0.9922 levels on a daily closing basis could mean a return to the 0.9730 levels, a cut would open 0.9593 next, further down, support comes at the 0.9420 levels.

On the upside, above 0.9922 faces limited gains towards 1.0009/1.0033 levels before the next fall, However; a break above the 1.0033 levels will reverse risks to the upside towards the 1.0181 levels…

Conclusion: The USDCHF continues to face downside risks below the 0.9922 levels…

USDCHF Daily Forecast Dec 17 2015

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