USDCHF Weekly Forecast Mar 31 2014

No change , Outlook in USDCHF remains on the downside as long as resistance 0.8930 holds on a weekly closing basis , to resume the downside trend , sustained trading below the 0.8700 levels in needed , If seen , It will target the 0.8600 levels ahead of the 0.8500 levels , further down will aim the 0.8350 levels.

On the upside , main resistance comes at the 0.8930 levels , stability below this level could mean a return to the 0.8700 levels , however , sustained trading – weekly closing – above the 0.8930 levels will confirm bottoming at the 0.8698 levels and open 0.9037 levels , further upside will aim the 0.9080 levels ahead of the 0.9155 levels.

In all , as long as resistance 0.8930 holds on a weekly basis , the USDCHF will remain based to the downside towards the 0.8700 levels ahead of the 0.8600 levels , break of the 0.8930 levels will reverse risks towards the 0.9040/0.9080 levels .

 

USDCHF Weekly Forecast Mar 31 2014

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