USDCHF Daily Forecast Nov 20 2015

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Outlook in USDCHF has turned neutral at the moment, the pair remains in a pullback mode as long as trades below 1.0200 levels on a daily closing basis, and further down couldn’t be ruled out, but downside below 1.0200 should be contained well by the 1.0121/1.0095 levels where rebound is very likely, however, a cut through the 1.0095 levels will suggest a short term top around the 1.0220 levels If seen, further down towards the 0.9997 levels is likely…

On the upside, a failure to hold below the key support 1.0121 on a daily closing basis could mean a return to the 1.0200 levels, a break will restore the upside momentum and open the 1.0250 levels, further upside, resistance come sat the 1.0350 levels…

Conclusion: The USDCHF continues to consolidate within 1.0095/1.0200 range, below 1.0095 will open 0.9997 while above 1.0200 will pave the way towards the 1.0250/1.0350 levels…

USDCHF Daily Forecast Nov 20 2015

MARKET DATA

UPCOMING ECONOMIC EVENTS