USD/CHF Resumes Short Term Bullish Uptrend
FXTechstrategy Team | Oct 22, 2016 01:01PM ET
USD/CHF: The pair maintains its medium term uptrend leaving risk higher in the new week. On the downside, support lies at the 0.9900 level. A turn below here will open the door for more weakness towards the 0.9850 level and then the 0.9800 level.
On the upside, resistance resides at the 1.0000 level where a break will clear the way for more strength to occur towards the 1.0050 level. Further out, resistance comes in at the 1.0100 level. Its weekly RSI is bullish and pointing higher suggesting further strength. All in all, USD/CHF remains biased to the upside on more strength.
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