The Week Ahead On USDCHF
I wouldn't make any predictions for the next week....
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USDCHF: Extends Bullishness
USDCHF: With the pair extending its bullishness the past week, further strength is envisaged in the new week. Although USDCHF may see a corrective pullback following its recent strength. Resistance resides at the 1.0100 level with a breach targeting the 1.0150 level. A breather may occur here and turn the pair lower but if taken out, expect a push higher towards the 1.0200 level. Its weekly RSI is bullish and pointing higher supporting this view. On the downside, support comes in at the 1.0000 level. A turn below here will open the door for more weakness towards the 0.9950 level and then the 0.9900 level. Further down. Support comes in at 0.0850. All in all, the pair remains biased to the upside in the medium term.