USDCHF: Bullish, Resumes Broader Uptrend
USDCHF: With the pair reversing its previous week losses to close higher on Friday, further bullish offensive is envisaged in the new. On the upside, resistance resides at the 0.9850 level where a break will aim at the 0.9900 level. Further out, resistance resides at the 0.9950 level. A breather may occur here and turn the pair lower but if taken out, expect a push towards t5owardss the 1.0000 level. On the downside, support lies at the 0.9700 level with a break targeting the 0.9650 level and then the 0.9600 level. Further down, support comes in at the 0.9550 level. All in all, the pair remains biased to the upside medium term
