USDCHF: Extends Bull Pressure, Eyes 1.0000 Zone

29 March 2017, 14:52

USDCHF: The pair looks to extend its upside pressure leaving of bull pressure. On the downside, support lies at the 0.9950 level. A turn below here will open the door for more weakness towards the 0.9900 level and then the 0.9850 level. On the upside, resistance resides at the 1.0000 level where a break will clear the way for more strength to occur towards the 1.0050 level. Further out, resistance comes in at the 1.0100 level. Its daily RSI is bullish and pointing higher suggesting further strength. All in all, USDCHF faces further price strength.

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