USAD Index closed the week flat however further gains appear likely against GBP. CAD, Euro and CHF.

Usa/cad major support as defined by Vantage Point comes in at 1.1528 making this a premium buy area.

Euro/usa continues to trade in the well defined range of 1.3750 to 1.4340 however we are again only looking to sell rallies into the 1.4150 area as a break lower is likely.

One of the key things to watch this week is whether or not the SNB will intevene on euro/chf near the 1.5100 area and drive the pair back up to the 1.5300 level.

For a complete look at the week ahead in Forex trading please click on the enclosed link.