USDCHF Weekly Forecast Jun 02 2014

Outlook in USDCHF remains on the upside as long as support  0.8858  on a weekly closing basis  . Resistance comes at the 0.9030  levels where a breach will turn focus on the 0.9120  levels , further upside will aim the 0.9215  levels.

On the downside , support comes at the 0.8900  levels ahead of 0.8858  ( main) , stability above support levels will keep the bullish momentum intact , however ; sustained trading – weekly closing – below 0.8858  will turn outlook neutral for retesting 0.8766 /0.8702  levels before the next possible rise .

In all ,as long as support 0.8858  holds on a weekly closing basis , outlook in USDCHF remains on the upside with risk towards the 0.9030  levels ahead of the 0.9120  levels , below 0.8858  will reverse risks towards the  0.8766 /0.8702  levels before the next rise…

USDCHF Weekly Forecast  Jun 02 2014