USD/CHF Weekly technical Outlook

14 November 2009 @ 12:02 pm EDT

USD/CHF rebounded strongly last week but after all, upside was limited below 1.0200 resistance and hence, fall from 1.0337 might still be in progress. Initial bias is neutral this week and some consolidations might be seen first. Break of 1.0032 low will bring fall resumption to parity first. On the upside, however, break of 1.0200 will indicate that whole decline from 1.0337 has completed and will turn bias back to the upside for retesting this resistance.

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