USDCHF: Targets Further Bullishness On Bull Pressure

USDCHF: Targets Further Bullishness On Bull Pressure

18 May 2016, 07:32
Roberto Jacobs
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USDCHF: Targets Further Bullishness On Bull Pressure

USDCHF: Having the pair strengthened further on Tuesday, further move higher is expected in the days ahead. On the downside, support lies at the 0.9750 level. A turn below here will open the door for more weakness towards the 0.9700 level and then the 0.9650 level. On the upside, resistance resides at the 0.9850 level where a break will clear the way for more strength to occur towards the 0.9900 level. Further out, resistance comes in at the 0.9950 level. Its daily RSI is bullish and pointing higher suggesting further strength. All in all, USDCHF remains biased to the upside on price strength.


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