USDCHF retains its upside pressure as it took back its two-weeks looses to close higher on Friday. Resistance resides at the 0.9950 level. Above here, resistance lies at the 1.0000 level and then the 1.0000 level. Further out, resistance comes in at the 1.0050 level. Its weekly RSI is bullish and pointing higher suggesting further gain. On the downside, support is seen at the 0.9900 level with a turn below here opening the door for more decline towards the 0.9850 level. And then the 0.9800 level. Further down, support resides at the 0.9750 level. All in all, USDCHF remains biased to the upside on further corrective recovery.
