USDCHF Daily Forecast Jul 04 2014

Outlook in USDCHF has turned neutral after the strong rise yesterday , resistance comes at the 0.8937  levels , break of 0.8937 levels on a daily basis will turn outlook to the upside towards the 0.8974 levels , a break would open 0.9036 levels…

On the downside , a rejection from the 0.8937 levels could mean a return to the 0.8861 levels , losing this level on a daily closing basis will pave the way towards the 0.8815 levels ahead of the 0.8750 levels.

In all , the USDCHF is likely to consolidate within 0.8861/0.8937 range before the next move , above 0.8937 will open 0.8974/0.9036 levels , while below the 0.8861 levels will open 0.8815/0.8750 levels…

 

USDCHF Daily Forecast Jul 04 2014

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