Outlook in USDCHF remains on the upside as long as support 0.9729 holds on a daily closing basis , resistance comes at the 0.9870 levels , a halt is likely , but a breach would open 0.9965 next , further upside will aim the 1.0070 levels .
On the downside , support comes at the 0.9729 levels , losing this level on a daily closing basis will turn outlook neutral and bring consolidation above the 0.9529 levels before the next rise…
In all , as long as resistance 0.9729 holds on a daily closing basis, outlook in USDCHF remains on the upside towards the 0.9870 levels ahead of the 0.9965 levels , below 0.9729 will turn outlook neutral and bring consolidation above the 0.9529 levels before the next rise…
In the medium term forecast , as long as support 0.9661 holds on a weekly closing basis , outlook in USDCHF remains on the upside towards the 0.9920 levels ahead of the 1.0070/1.0240 levels .below 0.9661 will bring pullback towards the 0.9360 levels before the next rise!!
In the long term forecast , as long as 0.9185 holds on a monthly closing basis , eyes on the 0.9838/0.9970 levels ahead of the 1.0135 levels .
Key data /events which may influence USDCHF this week :
Swiss Retail Sales & Swiss Consumer Price Index . Monday , Dec 08
SNB Chairman Thomas Jordan speaks ,US retail sales & US jobless claims . Thursday ,Dec 11
US producer prices index & US consumer sentiment. Friday , Dec 12