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USDCHF Bull Pressure Eyes The 0.9974 Resistance Zone

Long
U.S. Dollar / Swiss Franc (FX:USDCHF)  
FXTechstrategy  
FX:USDCHF   U.S. Dollar / Swiss Franc
Trend Analysis Harmonic Patterns Chart Patterns Fibonacci Retracement
2
0
trendanalysis harmonicpatterns chartpattern fibonacciretracement


USDCHF bull pressure eyes the 0.9974 resistance zone in the new week. Resistance comes in at the 0.9950 level. Above here, resistance lies at the 1.0000 level and then the 1.0050 level. Further out, resistance stands at the 1.0100 level. Its weekly RSI is bullish and pointing higher suggesting further strength. On the downside, support is located at the 0.9850 level with a turn below here opening the door for more decline towards the 0.9800 level. And then the 0.9750 level. Further down, support comes in at the 0.9700 level. All in all, USDCHF remains biased to the upside on further bull pressure.

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