USDCHF: Although USDCHF may be vulnerable to the downside, it faces a corrective threat. Support comes in at the 0.8700 level, its psycho level. Below here will set the stage for further weakness towards the 0.8650 level. Further down, support is located at the 0.8600 level and then the 0.8568 level. On the other hand, resistance resides at the 0.8895 level where a break will clear the way for a run at the 0.8950 level. Further out, resistance resides at the 0.9050/81 levels followed by the 0.9100 level. Its daily RSI has turned higher supporting its present recovery mode . All in all, the pair remains biased to the downside medium term.
USDCHF: Although USDCHF may be vulnerable to the downside, it faces a corrective threat. Support comes in at the 0.8700 level, its psycho level. Below here will set the stage for further weakness towards the 0.8650 level. Further down, support is located at the 0.8600 level and then the 0.8568 level. On the other hand, resistance resides at the 0.8895 level where a break will clear the way for a run at the 0.8950 level. Further out, resistance resides at the 0.9050/81 levels followed by the 0.9100 level. Its daily RSI has turned higher supporting its present recovery mode . All in all, the pair remains biased to the downside medium term.
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