USDCHF: With USDCHF closing further lower the past week, it faces additional downside pressure. On the downside, support comes in at the 0.9200 level. A turn below here will open the door for more weakness to occur towards the 0.9150 level and then the 0.9100 level. A cut through here will open the door for additional weakness towards the 0.9050 level. Resistance resides at the 0.9400 level with a breach targeting the 0.9450 level. A breather may occur here and turn the pair lower but if taken out, expect a push higher towards the 0.9500 level. Conversely, All in all, the pair remains biased to the downside on correction.
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