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


USD/CHF: With USDCHF failing at the 0.9114 level and closing lower on a rejection candle formation, it faces downside risk in the new week. On the downside, support lies at the 0.9000 level with a break targeting the 0.8950 level. A cut through here will target the 0.8950 level where a violation will open the door for more weakness towards the 0.8900 level and then the 0.8842 level. Its weekly RSI is bearish and pointing lower suggesting further downside. On the upside, resistance resides at the 0.9114 level where a break will aim at the 0.9150 level. Further out, resistance resides at the 0.9200 level. A breather may occur here and turn the pair lower. All in all, the pair remains biased to the downside on pullback risks.