USDCHF Weekly Forecast Nov 24 2014

The USDCHF continued its bullish momentum last week, printed support at the 0.9529 levels , topped at the 0.9708 levels. This development leaves the pair targeting the 0.9800 levels , a halt is likely , but a breach would open 0.9925 next , further upside will aim the 1.0050 levels..

On the downside , support comes at the 0.9586 levels ahead of the 0.9529 levels (mains) , losing this level on a weekly closing basis will bring a corrective pullback towards the 0.9441 /0.9360 levels before the next rise…

In all , as long as support 0.9586/0.9529 holds on a weekly closing basis , outlook in USDCHF remains on the upside towards the 0.9800 levels ahead of the 0.9925/1.0050 levels.Below 0.9529 will bring pullback towards the 0.9441/0.9360 levels before the next rise…

Note that stability above the 0.9708 levels on a weekly closing basis will accelerate the bullish move towards the 0.9925/1.0050 levels , a rejection from the 0.9708 levels could test 0.9586/0.9529 levels before the next rise…

 

USDCHF Weekly Forecast Nov 24 2014

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