USDCHF: Halts Weakness, Eyes Further Recovery

23 December 2017, 16:23

USDCHF: The With the pair halting its weakness the past week, more strength is envisaged. On the downside, support lies at the 0.9850 level. A turn below here will open the door for more weakness towards the 0.9800 level and then the 0.9750 level. On the upside, resistance resides at the 0.9950 level where a break will clear the way for more strength to occur towards the 1.0000 level. Further out, resistance comes in at the 1.0050 level. Above here if seen will turn attention to 1.0100. All in all, USDCHF faces further corrective recovery pressure.

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