USDCHF Daily Forecast Nov 10 2014

Outlook in USDCHF has turned neutral with risk to the upside as long as support 0.9602/0.9579 holds on a daily closing basis , resistance comes at the 0.9651 levels , sustained trading above the 0.9651 level would recapture the 0.9741 levels where a breach will turn focus on the 0.9838 levels , further upside will aim the 0.9970 levels.

On the downside , support comes at the 0.9602 ahead of the 0.9548 levels (main), below 0.9548 will bring a corrective pullback towards the 0.9441 levels ( weekly support) before the next rise , If 0.9441 fails , expect pullback to extend towards the 0.9360 levels …

In all , as long as support 0.9602/0.9548 holds on a daily closing basis , outlook in USDCHF remains on the upside towards the 0.9651/0.9741 levels ahead of the 0.9838 levels , below 0.0.9548 will turn outlook toward the 09360 levels before the next move !

Note : on the 4 hour chart , resistance comes at the 0.9651 levels , sustained trading above this level will restore the upside offensive , while stability below 0.9651 will keep outlook neutral…..

 

USDCHF Daily Forecast Nov 10 2014

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