USDCHF Daily Forecast Jan 29 2016

Outlook in USDCHF has turned neutral with risk to the upside, support comes at the 1.0129 levels. A failure to hold below the 1.0129 levels on a daily closing basis could mean a return to the 1.0198 levels. A break will extend gains towards the 1.0262 levels, further upside, resistance comes at the 1.0326 levels…

On the downside, support comes at the 1.0129 levels, a cut through the 1.0129 levels will accelerate the fall towards the 1.0065 levels, further down is very likely, If seen, next support comes at the 0.9900 levels…

Conclusion: The USDCHF continues to consolidate with upside risk above the 1.0129 levels, below 1.0129 levels face a free fall towards the 1.0065 levels ahead of the 0.9900 levels…

USDCHF Daily Forecast Jan 29 2016

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