USDCHF Weekly Forecast Apr 14 2014

The USDCHF maintained a bearish momentum last week , topped at the 0.8924 levels and bottomed at the 0.8742 levels . This development leaves the pair targeting the 0.8685 levels , a halt is likely , but a break would open 0.8600 next , further downside will aim the 0.8530 levels.

On the upside , resistance comes at the 0.8815 levels ahead of 0.8942 (main) , stability below resistance will keep the pair under pressure , but break of the 0.8942 levels will turn outlook neutral for 0.9109 /0.9155 levels before  the next down .

In all , as long as resistance 0.8924 holds on a weekly basis , outlook in USDCHF will remain on the downside towards the 0.8685 levels ahead of the 0.8600 levels , break of 0.8942 will reverse risks towards the 0.9109/0.9155 levels before the next possible fall.


USDCHF Weekly Forecast Apr 14 2014