USDCHF – The pair looks to weaken further on corrective pullback. 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 1.0050 level where a break will clear the way for more strength to occur towards the 1.0100 level. Further out, resistance comes in at the 1.0150 level. Above here if seen will turn attention to 1.0200. All in all, USDCHF faces further corrective downside pressure.
