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USDCHF: Bullish, Recovers Further Higher

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USDCHF: Bullish, Recovers Further Higher

Postby FXTechstrategy » Sat Apr 08, 2017 12:07 am

USDCHF: The pair looks to recover further following a follow through higher the past week. On the downside, support lies at the 1.0000 level. A turn below here will open the door for more weakness towards the 0.9900 level and then the 0.9950 level. On the upside, resistance resides at the 1.0150 level where a break will clear the way for more strength to occur towards the 1.0200 level. Further out, resistance comes in at the 1.0250 level. Its weekly RSI is bullish and pointing higher suggesting further strength. All in all, USDCHF faces further price recovery.

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