The Week Ahead Feb 28 -2015 - Written by Mohammed Isah
USDCHF: Strengthening With Warning
USDCHF: With USDCHF closing higher the past week, further bullishness is envisaged though with caution. Resistance resides at the 0.9600 level. Further out, resistance resides at the 0.9650 level. A breather may occur here and turn the pair lower but if taken out, expect a push higher towards the 0.9700 level. Its weekly RSI is bullish and pointing higher supporting this view. On the downside, support comes in at the 0.9450 level. A turn below here will open the door for more weakness to occur towards the 0.9400 level and then the 0.9350 level. All in all, the pair remains biased to the upside in the short term.