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USDCHF Looks To Strengthen Further But With Caution

USDCHF: With the pair closing higher the past week, risk remains to the upside. But with price rejection seen on Friday (daily chart), corrective pullback is likely. On the downside, support lies at the 0.9950 level. A turn below here will open the door for more weakness towards the 0.9900 level and then the 0.9850 level. On the upside, resistance resides at the 1.0000 level where a break will clear the way for more strength to occur towards the 1.0050 level. Further out, resistance comes in at the 1.0100 level. Above here if seen will turn attention to 1.0150. All in all, USDCHF faces further upside pressure.

 

USDCHF Looks To Strengthen Further But With Caution

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