USDCHF: Weakens, Sees Further Downside Pressure USDCHF: The pair continues to look vulnerable as it saw more weakness o

7 June 2018, 21:44
FXTechstrategy
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USDCHF: The pair continues to look vulnerable as it saw more weakness on Thursday. On the downside, support lies at the 0.9800 level. A turn below here will open the door for more weakness towards the 0.9750 level and then the 0.9700 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. Above here if seen will turn attention to 1.0000. All in all, USDCHF faces further corrective downside pressure.



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