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USDCHF Remains Vulnerable, Faces Further Downside Pressure

USDCHF: With the pair following through lower on the back of Thursday losses on Friday, more decline is envisaged as enter a new week. On the downside, support lies at the 0.9550 level. A turn below here will open the door for more weakness towards the 0.9500 level and then the 0.9450 level. On the upside, resistance resides at the 0.9650 level where a break will clear the way for more strength to occur towards the 0.9700 level. Further out, resistance comes in at the 0.9750 level. Above here if seen will turn attention to 0.9800. All in all, USDCHF faces further downside pressure.

USDCHF Remains Vulnerable, Faces Further Downside Pressure

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