USDCHF Daily Forecast Oct 17 2014

Outlook in USDCHF  has turned neutral with risk to the downside , resistance comes at the 0.9490 levels , a failure to hold above the 0.9490  levels on a daily closing basis could mean a return to the 0.9360  levels , a cut will resume the whole fall towards the 0.9300 levels , a halt is likely , but losing the 0.9300  levels will continue losses towards the 0.9175/0.9125  levels .

On the upside , resistance comes at the 0.9490   levels , sustained trading – daily closing – above the 0.9490  levels will put the pair in recovery mode , but upside move above the 0.9490  levels should be limited  by the 0.9575  levels .

In all , as long as resistance 0.9490  holds on a daily closing basis , outlook in USDCHF remains on the downside towards the 0.9360/0.9300  levels , a clear break above the 0.9490 levels will bring recovery towards  the 0.9575  levels before the next fall..


USDCHF Daily Forecast Oct 17 2014