USDCHF – With the pair halting its weakness the past week, it faces risk of a move higher in the new week. On the downside, support lies at the 0.9300 level. A turn below here will open the door for more weakness towards the 0.9250 level and then the 0.9200 level. On the upside, resistance resides at the 0.9350 level where a break will clear the way for more strength to occur towards the 0.9400 level. Further out, resistance comes in at the 0.9450 level. Above here if seen will turn attention to 0.9500. All in all, USDCHF faces further weakness medium term but with caution.
