USDCHF Weekly Forecast Jun 09 2014

Outlook in USDCHF has turned neutral this week , the weekly closing below the 0.8959 levels is supposed to build pressure on the main support at the 0.8858 levels , anyway , a halt is likely , but sustained trading – weekly closing – below the 0.8858 levels will pave the way towards the 0.8766 levels ahead of the 0.8702 levels.

On the upside , stability above the 0.8959 levels could mean a return to the 0.9037 levels , a break would open 0.9109 next , further upside will aim the 0.9155 levels.

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 0.9110 levels , below 0.8858 will reverse risks towards the 0.8766 /0.8702 levels before the next riseā€¦


USDCHF Weekly Forecast Jun 09 2014