USDCHF Daily Forecast Oct 08 2014

Outlook in USDCHF has turned neutral with possible risk to the upside , support comes at the 0.9520 levels , stability above this level could mean a return to the 0.9686 levels , a halt is likely but a break will resume the bullish trend towards the 0.9838 levels , further upside will aim the 0.9971 levels.

On the downside , support comes at the 0.9520 levels , a clear break below this level will bring a corrective pullback towards the 0.9423/0.9328 levels before the next possible rise..

In all , as long as support 0.9520 holds on a daily closing basis , outlook in USDCHF remains neutral with risk to the upside towards the 0.9686 levels where a breach is needed to resume the bullish trend , below 0.9520 the pair faces a pullback risk….

 

USDCHF Daily Forecast Oct 08 2014

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