USDCHF Daily Forecast Mar 24 2015

swiss65
swiss65

The USDCHF maintained a bearish momentum yesterday , topped at the 0.9811 levels and bottomed at the 0.9632  levels . This development leaves the pair targeting the 0.9500 levels , a halt is strongly suggested  but a cut would open 0.9300 next , further down will target the 0.9130 levels.

On the upside , resistance comes at the 0.9811 levels , break of 0.9811  on a daily closing basis will restore the upside momentum and open 1.0068 levels ahead of  the 1.0127 levels.

In all , as long as 0.9811 resistance holds on a daily closing basis , outlook in USDCHF remains on the downside towards the 0.9500 levels ahead of the 0.9300 levels , above 0.9811 will restore the upside momentum and pave the way towards the 1.0068/1.0127 levels.

Note that I’d expect strong support from the 0.9500/0.9288 levels to contain fall from 1.0127 levels and bring rebound , however ; a clear break below the 0.9288 levels will have large bearish implication towards the 0.7804 levels…

 

USDCHF Daily Forecast Mar 24 2015

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