ISSN: 2056-3736 (Online Version) | 2056-3728 (Print Version)


USD/CHF: With USDCHF halting its weakness ad turning higher at the end of the week, further upside offensive is envisaged. This development leaves the pair strengthening further in the new week with eyes on the 0.9000 level where a break will aim at the 0.9050 level. Further out, resistance resides at the 0.9050 level. A breather may occur here and turn the pair lower but if broken it will aim at the 0.9100 level. Its weekly RSI is bullish and pointing higher supporting this view. On the downside, support lies at the 0.8855 level. A cut through here will target the 0.8800 level where a violation will open the door for more weakness towards the 0.9742 level. A turn below here will set the stage for a run at the 0.8700 level. All in all, the pair remains biased to the upside on recovery.