USDCHF Daily Forecast Jun 26 2014

The USDCHF maintained a  bearish momentum yesterday , printed resistance at the 0.8945  levels .This development leaves the pair targeting the 0.8872 levels where a breach will turn focus on the 0.8825  levels , further downside will aim the 0.8780  levels.

On the upside , resistance comes   0.8945 (main), break of  0.8945  levels on a daily basis would recapture the 0.9012/0.9036  levels , If this resistance is taken out , expect the pair to strengthen further towards the 0.9080/0.9155 levels..

In all , as long as resistance 0.8945 holds on a daily closing basis , outlook in USDCHF remains on the downside towards the 0.8872/0.8825 levels, break of  0.8945 will reverse risks towards the 0.9012/0.9036  levels…


USDCHF Daily Forecast Jun 26 2014