USDCHF: Although USDCHF is biased to the upside in the short term, it will have to decisively break and hold above the 0.8959/65 levels to convince the market of continued gains. This if seen will target the 0.9000 level where a violation will aim at the 0.9050 level. A breather may occur here and turn the pair lower but if broken it will pave the way for a run at the 0.9100 level with a close above here targeting the 0.9150 level. Its weekly RSI is bullish and pointing higher supporting this view. Conversely, its support at the 0.8900 level with the 0.8850 level is seen as the next downside objective. Below here will expose the 0.8800 level and then the 0.9742 level. A cut through here will set the stage for a run at the 0.8700 level. All in all, the pair remains biased to the upside in the short term but faces pullback risk
USDCHF: Although USDCHF is biased to the upside in the short term, it will have to decisively break and hold above the 0.8959/65 levels to convince the market of continued gains. This if seen will target the 0.9000 level where a violation will aim at the 0.9050 level. A breather may occur here and turn the pair lower but if broken it will pave the way for a run at the 0.9100 level with a close above here targeting the 0.9150 level. Its weekly RSI is bullish and pointing higher supporting this view. Conversely, its support at the 0.8900 level with the 0.8850 level is seen as the next downside objective. Below here will expose the 0.8800 level and then the 0.9742 level. A cut through here will set the stage for a run at the 0.8700 level. All in all, the pair remains biased to the upside in the short term but faces pullback risk
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