HomeContributorsTechnical AnalysisUSDCHF: Remains On The Offensive With Eyes On 1.0100 Zone

USDCHF: Remains On The Offensive With Eyes On 1.0100 Zone

USDCHF: The pair looks to extend its upside pressure after closing strongly higher the past week. On the downside, support lies at the 0.9950 level. A turn below here will open the door for more weakness towards the 0.9900 level and then the 0.9850 level. On the upside, resistance resides at the 1.0100 level where a break will clear the way for more strength to occur towards the 1.0150 level. Further out, resistance comes in at the 1.0200 level. Its daily RSI is bullish and pointing higher suggesting further strength. All in all, USDCHF faces further price strength.

FXAssure
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.

Featured Analysis

Learn Forex Trading