USD/CHF: Weakens, Looks To Decline Further
FXTechstrategy Team | Dec 29, 2017 06:00PM ET
USD/CHF: The pair sold off the past week leaving risk lower in the new week. On the downside, support lies at the 0.9700 level. A turn below here will open the door for more weakness towards the 0.9650 level and then the 0.9600 level. On the upside, resistance resides at the 0.9800 level where a break will clear the way for more strength to occur towards the 0.9850 level. Further out, resistance comes in at the 0.9900 level. Above here if seen will turn attention to 0.9950. All in all, USD/CHF faces further corrective pullback pressure.
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