USDCHF Daily Forecast Oct 14 2014

The USDCHF maintained a bearish momentum yesterday , printed resistance at the 0.9574 levels .This development leaves the pair targeting the 0.9400 levels , a halt is strongly suggested . but losing the 0.9400 will open main support at the 0.9333 levels .If this important support surrenders , expect to see a free fall towards the 0.9175/0.9125 levels.

On the upside , resistance comes at the 0.9574 levels , break of 0.9574 on a daily closing basis will turn outlook towards the 0.9686 levels , a break will turn focus on the 0.9750/0.9840 levels.

In all , as long as resistance 0.9574 holds on a daily closing basis , outlook in USDCHF remains on the downside towards the 0.9400 levels , above 0.9574 will reverse risk towards the 0.9750 levels.


USDCHF Daily Forecast Oct 14 2014




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