USDCHF: The pair may be struggling to recover higher but continues to hold on to its bearish medium term bias. A failure of its recovery attempts could mean a return to the 0.9082 level and then the 0.9021 level. Further down, support comes in at the 0.8950 level followed by the 0.8900 level. Price hesitation may occur here due to its psychological importance. If broken, further declines will occur towards the 0.8800 level. Conversely, the pair will have to break and hold above the 0.9388 level to reverse its entire weakness. This if seen will aim at the 0.9400 level followed by the 0.9456 level. Further out, resistance resides at the 0.9511 level and then the 0.9600 level. On the whole, the pair is facing bear threats.
