USDCHF: Broader Bias Remains Lower
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USDCHF: With continued sell off occurring on Thursday, further downside is likely towards the 0.8900 level. A cut through here will aim at the 0.8850 level. Bulls may come in here turn it higher but if that level is broken expect further decline to occur. Its daily RSI is bearish and pointing lower supporting this view. On the upside, resistance resides at the 0.9000 level followed by the 0.9100 level and then the 0.9190 level followed by the 0.9249 level. A breach of here will turned attention to the 0.9450 level where a break will turn attention to the 0.9542 level. All in all, the pair remains biased to the downside.