USDCHF: Rallies, Targets Weekly EMA

USDCHF – With a rally seeing USDCHF closing slightly above the 0.9566 level the past week, there is risk of further upside in the new week.This development leaves the pair targeting further strength towards the 0.9600 level. Further out, resistance resides at the 0.9773 level, its weekly ema where a violation will aim at the 0.9850 level. Its weekly RSI is bullish and pointing higher supporting this view. On the downside, support lies at the 0.9498 level where a breach will target the 0.9331 level followed by the 0.9205 level and then the 0.9150 level. Further down, support stands at the 0.9100 level. On the whole, the pair has triggered its broader upside following a rally the past week.