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USDCHF: Remains On The Offensive With Eyes On 1.0100 Zone

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USDCHF: Remains On The Offensive With Eyes On 1.0100 Zone

Postby FXTechstrategy » Sat Apr 01, 2017 12:53 am

USDCHF: The pair looks to extend its upside pressure after closing strongly higher the past week. On the downside, support lies at the 0.9950 level. A turn below here will open the door for more weakness towards the 0.9900 level and then the 0.9850 level. On the upside, resistance resides at the 1.0100 level where a break will clear the way for more strength to occur towards the 1.0150 level. Further out, resistance comes in at the 1.0200 level. Its daily RSI is bullish and pointing higher suggesting further strength. All in all, USDCHF faces further price strength.

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FXTechstrategy
 
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