USDCHF Sees Upside Pressure With Broader Range

9 October 2016, 04:27
FXTechstrategy
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USDCHF: The pair retains its upside bias closing higher the past week. On the downside, support lies at the 0.9700 level. A turn below here will open the door for more weakness towards the 0.9650 level and then the 0.9600 level. On the upside, resistance resides at the 0.9800 level where a break will clear  the way for more strength to occur towards the  0.9850 level. Further out, resistance comes in at the  0.9900 level. All in all, USDCHF remains biased to  the upside on further correction.

 




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