Technical Outlook: USDCHF also broke out from the descending wedge pattern and the upside could see a test towards 0.9843. Look for a pullback towards 0.9700 – 0.9710 to go long targeting 0.9843 – 0.9840 resistance level. In the event that prices break down below 0.9700 then USDCHF could extend its declines down to the previous support at 0.9640.
Fundamental Outlook: Data from Switzerland this week is limited to retail sales and manufacturing PMI although it is unlikely to move price around much. The Swiss franc was the weakest currency last week and it could maintain the declines into the coming week. As always, US economic data will be the main influencing factor in USDCHF.
USDCHF Weekly Forex Forecast – 29th Aug to 2nd Sept 2016 – BULLISH
Other Analysis Today
USDCHF weekly forcasts are identical for 15Aug and 22Aug?
Syed,
No it’s not the same. Of course, sometimes we might publish the same thing accidentally.
But in this case, we check… 2 different analysis for 2 different weeks.