USDCHF Daily Forecast Sept 16 2014

Outlook in USDCHF  remains on the upside as long as support 0.9315  holds on a daily closing basis , resistance comes at the 0.9395  levels ,above the 0.9395 levels  will turn focus on the 0.9500 levels , a  halt is likely , but a break would open 0.9620 next , further upside will aim the 0.9770 levels….

On the downside ,support comes at the 0.9315  levels , losing this level on a daily closing basis , would only delay the bullish move and bring consolidation  ; but downside below 0.9315 should be contained well above the 0.9125/0.9175 levels ….

In all , as long as support 0.9315  holds on a daily closing basis , outlook in USDCHF remains on the upside towards the 0.9500  levels and possible higher towards the 0.9620  levels , a clear break below the 0.9380 levels  will turn outlook neutral towards the 0.9125/0.9175  levels before the next rise…..

 

USDCHF Daily Forecast Sept 16 2014

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