USDCHF Weekly Forecast Dec 01 2014

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Outlook in USDCHF remains on the upside as long as support 0.9572/0.9529 holds on a weekly closing basis, resistance comes at the 0.9800 levels, a halt is likely, but a breach would open 0.9925 next, further upside will aim the 1.0050 levels.

On the downside, support comes at the 0.9572 levels ahead of the 0.9529 levels ( main), stability above support levels will keep the bullish momentum intact, however; a clear break below the 0.9529 levels will bring a corrective pullback towards the 0.9153/0.9000 levels before the next rise.

In all, as long as support 0.9572/0.9529 holds on a weekly closing basis, the outlook in USDCHF remains on the upside towards the 0.9800 levels ahead of the 0.9925 levels, below 0.9529 will bring a corrective pullback towards theĀ 0.9153/0.9000 levels before the next rise.

USDCHF Weekly Forecast Dec 01 2014

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