USD/CHF Sees Price Hesitation
FXTechstrategy Team | Aug 01, 2015 10:05AM ET
USD/CHF: Broader outlook for USD/CHF may be higher, but it faces the risk of a move lower following its price hesitation the past week. Resistance resides at the 0.9700 level, with a breach targeting the 0.9750 level. A breather may occur here and turn the pair lower, but if taken out, expect a push higher towards the 0.9800 level. On the downside, support comes in at the 0.9600 level. A turn below here will open the door for more weakness to occur towards the 0.9550 level and then the 0.9500 level. A cut through here will open the door for additional weakness towards the 0.9450 level. All in all, the pair remains biased to the upside on further strength.
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