USDCHF with the pair continuing to hesitate directional move is now a challenge. Resistance stands at the 0.9950 level. Above here will open the door for a move towards the 1.0000 level and then the 1.0050 level. Further out, resistance stands at the 1.0100 level. On the downside, support is located 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 comes in at the 0.9700 level. All in all, USDCHF remains biased to the upside on further price extension.
