USDCHF: Extends Weakness
USDCHF: With the pair declining further the past week, it now looks to see more weakness in the new week. However, beware of a correction. On the downside, support comes in at the 0.9100 level. A turn below here will open the door for more weakness to occur towards the 0.9050 level and then the 0.9000 level. A cut through here will open the door for additional weakness towards the 0.9000 level. Resistance resides at the 0.9250 level with a breach targeting the 0.9300 level. A breather may occur here and turn the pair lower but if taken out, expect a push higher towards the 0.9350 level. All in all, the pair remains biased to the downside on further correction.
