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


USD/CHF: With a second week of recovery higher occurring the past week, further upside is likely. On the upside, resistance resides at the 0.9100 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 but if broken it will aim at the 0.9250 level. On the downside, support lies at the 0.8950 level. A cut through here will target the 0.8900 level where a violation will open the door for more weakness towards the 0.8842 level. A turn below here will set the stage for a run at the 0.8800 level. All in all, the pair remains biased to the upside on recovery.