Technical Outlook: The USDCHF has managed to maintain its bullish bias. There is a strong possibility that USDCHF is likely to carve out an inverse head and shoulders pattern. For this to occur, we expect a reversal off the current higher low that is formed above support at 0.9564. A rally back to the neckline resistance at 0.9730 could signal a breakout towards 0.9861. However, watch for the potential downside risks below 0.9564. A break down below this support could invalidate the inverse head and shoulders pattern. Fundamental Outlook: Data from Switzerland this week is void of any significant economic releases. The Swiss franc is therefore likely to focus on the clues from the U.S. economic data. The week ahead from the U.S. will focus on the existing home sales data and durable goods orders. However, the broader theme will be the Jackson Hole Symposium that is due to start from Thursday. The event is likely to bring about some volatility across the currency markets. This could likely be the key theme for USDCHF this week. Previous USDCHF Weekly Forex Forecast

USDCHF Weekly Forex Forecast - 21st to 25th Aug 2017