USDCHF Trades Above Key Support With Eyes On The 0.990256 Zone

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USDCHF closed higher returning above the 0.9843 level the past week. This development has opened the door for more strength in the new week. This if seen will target its overhead resistance located at the 0.9902/56 region.

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11/01/2015 FXTechstrategy Forex Technical Strategy Commodity Technical Research www.fxtechstrategy.com Trades Above Key Support With Eyes On The 0.9902/56 Zone Gives You A Trading Decision Edge Sunday 01 Nov’15 Highlights: www.fxtechstrategy.com

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F 11/01/2015 FXTechstrategy Forex Technical Strategy USDCHF Trades Above Key Support With Eyes On The 0.9902/56 Zone USDCHF: USDCHF closed higher returning above the 0.9843 level the past week. This development has opened the door for more strength in the new week. This if seen will target its overhead resistance located at the 0.9902/56 region. A cut through that zone will clear the way for more bull pressure to build up towards the 1.0000 level. Further out, resistance comes in at the 1.0050 level. Its weekly RSI is bullish and pointing higher suggesting further strength. On the downside, support lies at the 0.9843 level. A turn below here will open the door for more weakness towards the 0.9800 level and then the 0.9750 level. Further down, support resides at the 0.9800 level followed by the 0.9750 level. All in all, USDCHF trades above key support and remains biased to the upside in the medium term. USDCAD www.fxtechstrategy.com

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f 11/01/2015 FXTechstrategy FXT Technical Strategist Plus This report is prepared solely for information and data purposes. Opinions, estimates and projections contained herein are those of FXTechstrategy.com own as of the date hereof and are subject to change without notice. The information and opinions contained herein have been compiled or arrived at from sources believed to be reliable but no representation or warranty, express or implied, is made as to their accuracy or completeness and neither the information nor the forecast shall be taken as a representation for which FXTechstrategy.com incurs any responsibility. FXTstrategy.com does not accept any liability whatsoever for any loss arising from any use of this report or its contents. This report is not construed as an offer to sell or solicitation of any offer to buy any of the currencies referred to in this report. Click here for full disclaimer Disclaimer www.fxtechstrategy.com

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