USDCHF Weekly Forecast Aug 112014

Outlook in USDCHF remains on the upside as long as long as support .9032 holds on a weekly closing basis , resistance comes at the 0.9110 levels , a break would open 0.9180 next , further upside will aim the 0.9280 levels……

On the downside , sustained trading – weekly closing – below 0.9032 levels will turn outlook neutral for retesting the 0.8970 levels before the next possible rise , If this level fails , expect the pair to weaken further towards the 0.8858 levels before the next rise ..

In all ,as long as support 0.9032 holds on a weekly basis , ¬†outlook in USDCHF remains on the upside towards the 0.9110 levels ahead of the 0.9180 levels , below the 0.9032 level will turn outlook neutral towards the 0.8970/0.8858 levels before the next possible rise ………

 

USDCHF Weekly Forecast Aug 112014

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