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USDCHF: Retains Downside Pressure Outlook

Summary

USDCHF: Retains Downside Pressure Outlook USDCHF: The pair continues to look vulnerable to the downside as it closed lower the past week. On the downside, support lies at the 0.9850.

USDCHF: The pair continues to look vulnerable to the downside as it closed lower the past week. On the downside, support lies at the 0.9850 level. A turn below here will open the door for more weakness towards the 0.9800 level and then the 0.9750 level. On the upside, resistance resides at the 0.9900 level where a break will clear the way for more strength to occur towards the 0.9950 level. Further out, resistance comes in at the 1.0000 level. Above here if seen will turn attention to 1.0050. All in all, USDCHF faces further corrective pullback pressure.