USDCHF Forecast Feb 17-21

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Outlook in USDCHF is on the downside this week. Resistance comes at the 0.9109 levels. Stability below this level on a weekly basis will keep the pair under pressure. Support comes at the 0.8900 levels, a sustained trading below this level will open the 0.8600 next, a cut will open the 0.8350 levels.

On the upside, resistance comes at the 0.9109 levels, a break of this level will turn outlook neutral and bring consolidations, but upside move above 0.9109 should be contained well by the 0.9280 levels.

In all, the USDCHF is likely to return to its medium-term downside bias as long as 0.9109 holds on a weekly basis, a break of 0.9109  will turn outlook neutral and bring consolidations.

USDCHF Forecast Feb 17-21

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