USDCHF Daily Forecast Nov 19 2014

Outlook in USDCHF remains on the downside as long as resistance 0.9688 holds on a daily closing basis , support comes at the 0.9548 levels , a halt is likely , but losing this level on a daily closing basis would open 0.9441 next , further losses will aim the 0.9328 levels.

On the upside , to restore the upside momentum , 0.9688 should be taken out on a daily closing basis , If seen , focus will be on the 0.9741 levels ahead of the 0.0.9790 levels ahead of the 0.7838 levels.

In all ,as long as resistance 0.9688 holds on a daily closing basis , outlook in USDCHF remains on the downside towards the 0.9548 levels and possible lower towards the 0.9441 levels , above the 0.9688 levels will turn outlook bullish towards the 0.9741/0.9790 levels ahead of the 0.9838 levels.

Today focus will be onĀ US Building Permits (MoM) (Oct) at 13:30, followed by the high importance FOMC Meeting Minutes at 19:00, high volatility is strongly suggested ………* All times are GMT

 

USDCHF Daily Forecast Nov 19 2014

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