USDCHF Weekly Forecast Dec 15 2014

swiss65
swiss65

Outlook in USDCHF has turned  neutral with risk to the upside , support comes at the 0.9618 levels , a failure to hold below the 0.9618 levels on a weekly closing basis , could mean a return to the 0.9817 levels where a breach will open 0.9920 next , further upside will aim the 1.000/1.070 levels.

On the downside , support comes at the 0.9618 levels , losing this level on a daily closing basis will bring a corrective pullback towards the 0.9530 levels before the next rise , however ; If 0.9530 fails on a weekly closing basis , expect to see a free fall towards the 0.9150/0.9000 levels.

In all , as long as 0.9618 support holds on a weekly closing basis , outlook in USDCHF remains on the upside towards the 0.9817 levels ahead of the 0.9920/1.070 levels , below 0.9618 will bring a corrective pullback towards the 0.9530 levels before the next rise.

Key data/events which may influence USDCHF next week :

Monday , Dec 15 2014

  • Swiss Producer Price Index (PPI)  (MoM) (Nov).
  • US NY Empire State Manufacturing Index (Dec) .
  • US Industrial Production (MoM) (Nov) .
  • US Treasury International Capital (TIC) Net Long-Term Transactions (Oct).

Tuesday , Dec 16 2014

  • US Building Permits (Nov) .
  • US Housing Starts (MoM) (Nov) .

Wednesday , Dec 17 2014

  • US Core Consumer Price Index (CPI)  (MoM) (Nov).
  • US FOMC statement . 
  • US Fed Interest Rate Decision followed by Fed’s Monetary Policy Statement and press conference .

Thursday , Dec 18 2014 

  • US Initial Jobless Claims .
  • US Services PMI (Dec) .
  • US Philadelphia Fed Manufacturing Index (Dec) .

 

USDCHF Weekly Forecast Dec 15 2014

 

MARKET DATA

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