USDCHF Daily Forecast Feb 10 2015

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swiss65
swiss65

Outlook in USDCHF remains – cautiously – on the upside  as long as 0.9168 support holds on a daily closing basis , resistance comes at the 0.9288 levels , sustained breakout above this level is needed to resume the upside offensive , If seen , strong bullish move towards the 0.9552/0.9686 levels will be in sight before the next fall…

On the downside , a failure to hold above the 0.9288 levels on a daily closing basis could mean a return to the 0.9168 levels , a halt is likely but losing the 0.9168 levels on a daily closing basis will terminate the last bullish run and open the 0.8885 levels where a cut will pave the way towards the 0.8725 levels.

In all , the USDCHF is likely to consolidate within 0.9168/0.9288 range , sustained breakout above the 0.9288 levels will resume the current bullish move towards the 0.9552/0.9686 levels , while sustained breakout below the 0.9168 levels will bring fall resumption and pave the way towards the 0.8885/0.8725 levels..

USDCHF Daily Forecast Feb 10 2015

 

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