USD/CHF: Loses Upside Momentum, Eyes 1.0091 Level

USD/CHF: The pair remains biased to the downside on corrective weakness threats having followed through lower during Friday trading session. On the downside, support lies at the 1.0100 level. A turn below here will open the door for more weakness towards the 1.0050 level and then the 1.0000 level. On the upside, resistance resides at the 1.0200 level where a break will clear the way for more strength to occur towards the 1.0250 level. Further out, resistance comes in at the 1.0300 level. All in all, USD/CHF remains biased to the downside as it weaken on corrective pullback.

Disclosure: None.

How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.