USDCHF Daily Forecast Oct 01 2015

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Outlook in USDCHF remains neutral with risk to the upside as long as 0.9680/0.9713 support holds on a daily closing basis, resistance comes at the 0.9825 levels, a halt is likely, but a break would open 0.9900 next, further upside, resistance comes at the 1.0000 levels.

On the downside, support comes at the 0.9713 levels, a cut through the 0.9713 levels will build strong pressure on the 0.9680 levels, however; a clear break below the 0.9680 levels will reverse risk to the downside towards the 0.9545 levels and possibly lower towards the 0.9390 levels.

Conclusion: As long as 0.9713/0.9680 support holds on a daily closing basis, outlook in USDCHF remains neutral with risk to the upside towards the 0.9825/0.9900 levels, below 0.9680 faces a pullback risk towards the 0.9545/0.9390 levels before the next rise.

 

USDCHF Daily Forecast Oct 01 2015

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