USDCHF Extends Weakness, Eyes The 0.9840 Zone
USDCHF with the pair seen extending its losses on Friday, more decline is expected in the days ahead. Resistance comes in at the 0.9900 level. Above here, resistance lies at the 0.9950 level and then the 1.0000 level. Further out, resistance stands at the 1.0050 level. Its daily RSI is bearish and pointing lower suggesting further weakness. On the downside, support is located at the 0.9800 level with a turn below here opening the door for more decline towards the 0.9750 level. And then the 0.9700 level. Further down, support comes in at the 0.9650 level. All in all, USDCHF remains biased to the downside nearer term.