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USDCHF: Bullish With Eyes On Key Resistance
USDCHF: With the pair building up on its corrective offensive on Thursday, it faces the risk of further bullishness. Resistance resides at the 0.9428 level with a breach targeting the 0.9500 level. A breather may occur here and turn the pair lower but if taken out, expect a push higher towards the 0.9550 level. Its daily RSI is bullish and pointing higher supporting this view. On the downside, support comes in at the 0.9300 level. A turn below here will open the door for more weakness to occur towards the 0.9250 level and then the 0.9200 level. A cut through here will open the door for additional weakness towards the 0.9150 level All in all, the pair remains biased to the upside on further correction.