USDCHF faces additional price strength on rally as we enter a new week. Resistance resides at the 0.9950 level. Above here, resistance lies at the 1.0000 level and then the 1.0050 level. Further out, resistance comes in at the 1.0100 level. Its weekly RSI is bullish and pointing higher suggesting further strength. On the downside, support is seen at the 0.9850 level with a turn below here opening the door for more decline towards the 0.9800 level. And then the 0.9750 level. Further down, support resides at the 0.9700 level. All in all, USDCHF remains biased to the upside on further correction.
