USDCHF Weekly Forecast Jun 23 2014

Outlook in USDCHF has turned neutral this week , support comes at the 0.8910 levels , while resistance is at the 0.9012 levels . On the upside ; to resume the upside offensive , 0.9012 should taken out , If seen , the pair will recapture the 0.9155 levels , further upside will aim the 0.9250 next…..

On the downside, support comes at the 0.8910 levels , sustained trading – weekly closing – below this level will torn outlook for the 0.8858 levels .At this point I’d expect strong support from the 0.8858 to limit the downside move and bring reversal , but , If 0.8858 fails on a weekly basis , expect to see a free fall towards the 0.8766 / 0.8700 levels…

In all , the USDCHF is likely to consolidate within 0.8858/0.9012 range before the next move …….

 

USDCHF Weekly Forecast Jun 23 2016

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