USDCHF Bullish, Retains Its Recovery Threats

25 בינו׳ 2020

USDCHF faces risk of further move higher following a positive close the past week. Resistance comes in at the 0.9750 level. Above here, resistance lies at the 0.9800 level and then the 0.9850 level. Further out, resistance stands at the 0.9900 level. On the downside, support is located at the 0.9650 level with a turn below here opening the door for more decline towards the 0.9600 level. And then the 0.9550 level. Further down, support comes in at the 0.9500 level. All in all, USDCHF remains biased to the upside on price strength.