USDCHF Daily Forecast Oct 21 2015

Outlook in USDCHF remains neutral at the moment, the pair is a recovery mode as long as trades above the 0.9490 levels on a daily closing basis, resistance comes at the 0.9575 levels, a break will extend recovery towards the 0.9665 levels, further upside, resistance comes at the 0.9793 levels.

On the downside, immediate support comes at the 0.9490 levels, a cut through the 0.9490 levels will restore the downside momentum and pave the way towards the 0.9389/0.9285 levels before the next rise…

Conclusion: The USDCHF continues to face upside threats in the short term above the 0.9490 levels…


USDCHF Daily Forecast Oct 21 2015