USDCHF – Bull Pressure To Target The 0.9932 Level.

[FXTechstrategy Team]

USDCHF: With the pair returning above the 0.9873 level the past week, further upside is envisaged as we enter a new week. In such a case, the 0.9932 level, its 200 weekly ema will be targeted with a breach turning risk towards its psycho level at 1.0000 level. Its weekly RSI is bullish and pointing higher suggesting further strength. On the downside, the immediate support lies at 0.9873 level where a reversal of roles is likely to occur and then turn the pair higher. However, if this fails to occur, more weakness will develop towards the 0.9675 level where a break will aim at the 0.9421 level. Below here will aim at the 0.9366 level. On the whole, the pair remains biased to the upside in the medium term having resumed its uptrend.