USDCHF Weekly Forecast Mar 10 2014

Outlook in USDCHF remains on the downside this week , with risk towards the 0.8650 levels ahead of the 0.8500 levels as long as resistance 0.8930 holds on a weekly basis , sustained trading below the 0.8500 will open the 0.8300 next.

On the upside , resistance at 0.8890 ahead of 0.8930 ( main) , stability  below this level will keep the pair under pressure with risk towards 0.8650 levels , break of 0.8930 will turn outlook neutral and bring rebound towards 0.9000/0.9120 levels.

In all , as long as resistance 0.8930 holds on a weekly basis , the USDCHF will remain based to the downside towards the 0.8650/0.8500 levels , break of 0.8930 will turn outlook neutral and bring rebound towards the 0.9130 levels before the next fall.

In the medium/long term forecast , as long as 0.9418 holds on a weekly basis , outlook will remain bearish with risk towards 0.8500 levels and possible lower , break of 0.9418 on aw weekly basis , will turn outlook neutral and open 0.9800 levels and possible higher…

 

USDCHF Weekly Forecast Mar 10 2014

 

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