USD/CHF: Risk Remains Higher But With Caution

USD/CHF: With the pair closing further higher the past week, more strength is envisaged. On the downside, support lies at the 0.9550 level. A turn below here will open the door for more weakness towards the 0.9500 level and then the 0.9450 level. On the upside, resistance resides at the 0.9650 level where a break will clear the way for more strength to occur towards the 0.9700 level. Further out, resistance comes in at the 0.9750 level. Above here if seen will turn attention to 0.9800. All in all, USD/CHF faces further upside pressure but with caution.

USD/CHF Weekly Chart

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