Technical Analysis

USDCHF - Bear, Risk Remains Lower

Typography

USDCHF - The pair remains weak and vulnerable to the downside. On the downside, support lies at the 0.9750 level. A turn below here will open the door for more weakness towards the 0.9700 level and then the 0.9650 level. On the upside, resistance resides at the 0.9850 level where a break will clear the way for more strength to occur towards the 0.9900 level. Further out, resistance comes in at the 0.9950 level. Above here if seen will turn attention to 1.0050. All in all, USDCHF faces further downside pressure.

Author: FXTechstrategy Website: http://www.fxtechstrategy.com/
FXTechstrategy
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