Weekly forecast of USD/CHF for June 30-July 04, 2014



The pair has been in a downtrend from 0.9037 levels. It is trading at 0.8909 levels near to its crucial support levels 0.89 (50 days Sma). If the pair breaks the 50 days Sma levels, we can expect selling up to 0.8883, 0.8830, and 0.8770 levels. The momentum oscillators favors to sell in multiple time frames. Today's closing is very crucial for bulls hold above 0.89 levels on closing basis. The pair opened its session in a bearish note opened higher at 0.8913. Until the pair breaches this higher level, we recommend trades not to opt for longs. If the pair manages to breach the resistance level at 0.8913, we can see some up move up to 0.8938 and 0.8954 levels.

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