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USDCHF Weekly Forex Forecast – 25th to 29th Sept 2017 

 September 23, 2017

By  Advanced Strategies

USDCHF Weekly Forex Forecast – 25th to 29th Sept 2017

Technical Outlook: The USDCHF currency pair managed to lift off above the 0.9563 support level. But further gains could be expected as USDCHF is likely to finally target the resistance level at 0.9861 – 0.9894 level. The USDCHF has also been trading in a tight range for the past few months with the range high seen around the levels of 0.9740 and support at 0.9455. A breakout from this range is essential in order for further direction to be established. We look to buy USDCHF on a decline back to 0.9563 where support could be established firmly ahead of further gains that could push USDCHF towards 0.9861..

Fundamental Outlook: Economic data from Switzerland is limited with only the UBS consumption indicator and the economic expectations report. Not much of data is expected and this could see investors positioning themselves based on the the data points from the U.S. and the broader market sentiment. The key points from the U.S. include the final GDP figures from the United States for the second quarter. U.S. GDP grew 3% on the quarter as of the second estimates. The goods trade balance and the personal spending and income data along with the core PCE price index will be the key events this week

Previous USDCHF Weekly Forex Forecast

USDCHF Weekly Forex Forecast – 25th to 29th Sept 2017


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