USDCHF Daily Forecast Nov 06 2015

swiss65
swiss65

Outlook in USDCHF remains on the upside as long as 1.0000 support holds on a daily closing basis , resistance comes at the 1.0150 levels , a halt is likely but a break would open 1.0225 next , further upside will target the 1.0325 levels.

On the downside , losing the 1.000 levels on a daily closing basis will turn outlook neutral and bring a corrective pullback , but pullback below the 1.0000 levels should be contained well by the 0.9850 levels where rebound is likely..

In all , as long as 1.0000 support holds on a daily closing basis , outlook in USDCHF remains on the upside towards the 1.0150/1.0225 levels , below 1.0000 levels will reverse risk towards the 0.9900/0.9850 levels before the next rise.

 

USDCHF Daily Forecast Nov 06 2015

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UPCOMING ECONOMIC EVENTS