USDCHF: With USDCHF triggering a correction on Thursday, it looks to extend that weakness further. While its resistance at the 1.0201/19 zone caps, it looks to break below the 1.0100 level. On the downside, support lies at the 1.0100 level. A turn below here will open the door for more weakness towards the 1.0050 level and then the 1.0000 level. Further down, support resides at the 0.9950 level followed by the 0.9900 level. On the upside, resistance resides at the 1.0200 level. A break will clear the way for more strength to occur towards the 1.0250 level. Further out, resistance comes in at the 1.0300 level. All in all, USDCHF targets more bear pressure on pullback

 

Print Friendly, PDF & Email

Related Posts