USDCHF Remains Vulnerable But With Caution

10 June 2017, 02:55
USDCHF: With the pair continuing to retain its downside pressure, more decline is envisaged despite price hesitation. However, we a close higher seen the past week, further bullishness is likely. On the downside, support lies at the 0.9650 level. A turn below here will open the door for more weakness towards the 0.600 level and then the 0.9550 level. On the upside, resistance resides at the 0.9750 level where a break will clear the way for more strength to occur towards the 0.9800 level. Further out, resistance comes in at the 0.9850 level. All in all, USDCHF faces further bearishness but with caution

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