The Week Ahead On USDCHF

USDCHF: Reverses Losses, Targets Further Upside

USDCHF: With the pair closing higher for the week, further bullish is likely. Resistance resides at the 0.9500 level with a breach targeting the 0.9600 level. A breather may occur here and turn the pair lower but if taken out, expect a push higher towards the 0.9600 level. Conversely, on the downside, support comes in at the 0.9300 level. A turn below here will open the door for more weakness to occur towards the 0.9250 level and then the 0.9200 level. A cut through here will open the door for additional weakness towards the 0.9150 level. All in all, the pair remains biased to the upside on correction.

Thanks for the thoughts on the pair. How did you like how the CHF finished for the week.