HomeContributorsTechnical AnalysisUSDCHF Remains Biased To The Upside Towards 1.0027 Zone

USDCHF Remains Biased To The Upside Towards 1.0027 Zone

USDCHF with the pair retaining its upside pressure, more gain is expected to happen in the new week. Resistance comes in at the 1.0027 level. Above here, resistance lies at the 1.0050 level and then the 1.0100 level. Further out, resistance stands at the 1.0150 level. On the downside, support is located at the 0.9900 level with a turn below here opening the door for more decline towards the 0.9850 level. And then the 0.9800 level. Further down, support comes in at the 0.9750 level. All in all, USDCHF remains biased to the upside in the days ahead.

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FXAssurehttps://www.fxassure.com/
Mohammed Isah is a co-founder, technical strategist and head of research at FXAssure.com. He has been trading and analyzing the foreign exchange market for the past 7 years. He formerly traded stocks before crossing over to the forex market where he worked for FXInstructor LLC as a technical analyst and head of research before Joining FXassure.com.

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