USDCHF Daily Forecast Nov 05 2014

Outlook in USDCHF has turned neutral with risk to the upside , support comes at the 0.9579 levels , a failure to hold below the 0.9579 levels on a daily closing basis could mean a return to the 0.9690 levels , a break would open 0.9750 next , a halt is likely , but further upside will call for a run towards the 0.9850 levels ahead of the 0.9966 levels.

On the downside , losing the 0.9579 levels on a daily closing basis will bring a corrective pullback towards the 0.9441/0.9360 levels before the next rise.

In all ,as long as support 0.9579 holds on a daily closing basis , outlook in USDCHF remains on the upside towards the  0.9690/0.9750 levels ahead of the 0.9850 levels , below 0.9579 It faces a pullback risk towards the 0.9441/0.9360 levels.

 

USDCHF Daily Forecast Nov 05 2014

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