.st0{fill:#FFFFFF;}

USDCHF Weekly Forex Forecast – 22nd Aug to 26th Aug 2016 

 August 20, 2016

By  Advanced Strategies

USDCHF Weekly Forex Forecast - 22nd Aug to 26th Aug 2016
USDCHF Weekly Forex Forecast – 22nd Aug to 26th Aug 2016

Technical Outlook: USDCHF has completed the breakout from the previous ascending wedge pattern with price breaking down below 0.9640 – 0.9612 support level to test June 24/Brexit lows at 0.9553. The strong bounce off this support level has sent USDCHF back to test the broken support level at 0.9640 – 0.9612 to establish resistance. USDDCHF could remain range bound within these levels with further bias being established either on an upside breakout of a continued decline below 0.95530.

Fundamental Outlook: There are no major releases from Switzerland this week, save for Tuesday’s trade balance numbers, which is unlikely to move the markets much. However, focus on the US economy gains attention, especially on Thursday’s durable goods orders which is expected to show a recovery in July. On Friday, the US Q2 GDP is up for a second revision but estimates point to a weaker revision which could be a negative for the US dollar if the GDP is indeed revised lower.

USDCHF Weekly Forex Forecast – 22nd Aug to 26th Aug 2016 – NEUTRAL


Other Analysis Today

Advanced Strategies


Your Signature

related posts:


GBP/USD Daily Price Forecast – 28th March 2024


GBP/NZD Daily Price Forecast – 27th March 2024


USD/JPY Daily Price Forecast – 26th March 2024

Leave a Reply:

Your email address will not be published. Required fields are marked

{"email":"Email address invalid","url":"Website address invalid","required":"Required field missing"}

Get in touch

Advanced Forex Strategies