USDCHF Weekly Forecast Aug 25 2014

Outlook  in USDCHF remains on the upside as long as support 0.9103 /0.9022 holds on a weekly closing basis , resistance comes at the 0.9249 levels . At this point I’d expect strong resistance from the 0.9155/0.9249 levels to limit rise from the 0.8702 levels and bring reversal , however ; sustained trading – weekly closing – above the 0.9249 will have large bullish implication towards the 0.9332/0.9455 levels .

On the downside , support comes at the 0.9103 levels ahead of the 0.9022 levels (main) , losing the 0.9022 levels on a weekly closing basis will turn outlook neutral for retesting the 0.8897/0.8856 levels before the next rise , below 0.8856 will bring free fall towards the 0.8702 levels…

In all , as long as support 0.3103/0.9022 holds on a weekly closing basis ,  outlook in USDCHF remains on the upside towards the 0.9249 levels . below 0.9022 will reverse risks towards the 0.8897/0.8856 levels before the next possible rise….

 

USDCHF Weekly Forecast Aug 25 2014

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