USDCHF – With the pair retaining its recovery pressure the past week, more gain is likely. On the downside, support lies at the 0.9450 level. A turn below here will open the door for more weakness towards the 0.9400 level and then the 0.9350 level. On the upside, resistance resides at the 0.9550 level where a break will clear the way for more strength to occur towards the 0.9600 level. Further out, resistance comes in at the 0.9650 level. Above here if seen will turn attention to 0.9700. All in all, USDCHF faces further downside pressure.
