USDCHF Weekly Forecast Feb 24-28

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The USDCHF continued its bearish momentum last week, topped at the 0.8928 levels, and bottomed at the 0.8855 levels.  This development leaves the pair targeting the 0.8855  levels where a breach will turn the focus on the  0.8800 /0.8770 levels, sustained trading below 0.8770 will open the 0.8645 levels ahead of the 0.8570 levels.

On the upside, break of 0.8928 will delay the bearish for retesting the 0.9000/0.9080 levels, but upside move above 0.8928 should be limited by the  0.9080 levels, sustained trading above 0.9080 will confirm short term bottoming and open 0.9155/0.9250 levels.

In all, as long as resistance 0.8928 holds, the pair will remain under pressure with risk towards the 0.8800/0.8770 levels, break of 0.8928 will turn outlook neutral and bring consolidations.

 

USDCHF Weekly Forecast Feb 24-28

MARKET DATA

UPCOMING ECONOMIC EVENTS

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