USDCHF – With the pair closing higher the past week, it looks to build up on that gain in the new week. On the downside, support lies at the 0.9350 level. A turn below here will open the door for more weakness towards the 0.9300 level and then the 0.9250 level. On the upside, resistance resides at the 0.9450 level where a break will clear the way for more strength to occur towards the 0.9500 level. Further out, resistance comes in at the 0.9550 level. Above here if seen will turn attention to 0.9550. All in all, USDCHF faces further recovery higher.
