USDCHF Weekly Forecast Oct 26 2015

The USDCHF maintained a bullish momentum last week, bottomed at the 0.9492 levels and topped at the 0.9800 levels. This development leaves the pair targeting the 0.9950 levels, a halt is likely, but a break would open 1.0127 next, further upside, resistance comes at the 1.0350 levels.

On the downside, a failure to hold above the 0.9800 levels on a weekly closing basis could mean a return to the 0.9492 levels, a halt is likely but a cut would open 0.9320 next, further down, support comes at the 0.9137 levels.

Conclusion: The USDCHF continues to face upside threats above 0.9492 levels towards 0.9950 levels in medium term outlook, below 0.9492 faces a pullback risk towards the 0.9320/0.9137 levels before the next rise.

 

USDCHF Weekly Forecast Oct 26 2015

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