USDCHF – With the pair closing higher to reverse its previous week losses the past week, more strength is envisaged. On the downside, support lies at the 0.9500 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 0.9600 level where a break will clear the way for more strength to occur towards the 0.9650 level. Further out, resistance comes in at the 0.9700 level. Above here if seen will turn attention to 0.9750. All in all, USDCHF faces further upside pressure.
