Technical Outlook: USDCHF continues to trade flat with last week price briefly testing the 0.9741 level of support. However, the fact that USDCHF closed back above the resistance level area of 0.9894 - 0.9861 suggests room for further gains. The next main resistance is seen at 1.0088 which could be tested as long as price remains supported. In the event that USDCHF breaks below 0.9861, we could expect the declines sending the U.S. dollar lower towards the 0.9741 level of support which could be tested more firmly. Fundamental Outlook: A quiet week from Switzerland will see the quarterly monetary policy meeting from the Swiss National Bank. No changes are expected as the SNB is seen to maintain the 3-month Libor rate steady at -0.75%. There will also be a press conference held later. In the U.S. Wednesday's FOMC meeting will be dominating the wires as the central bank is expected to hike rates by 25 basis points. The Fed officials will also give their forward assessment of the economy as the change of leadership at the Fed in February will most likely see Jerome Powell as the new chairman of the Federal Reserve. Previous USDCHF Weekly Forex Forecast

USDCHF Weekly Forex Forecast - 11th to 15th Dec 2017