USDCHF – With further bullish offensive seen the past week, USDCHF looks to extend its strength in the new week. This development leaves the pair aiming at further strength towards the 0.9600 level. Further out, resistance resides at the 0.9800 level, its psycho level where a violation will aim at the 0.9850 level. Further out, resistance resides at the 0.9900 level with a turn above here exposing the 0.9970 level. Its weekly RSI is bullish and pointing higher suggesting further upside. On the downside, support lies at the 0.9520 level followed by the 0.9400 level where a breach will target the 0.9331 level and then the 0.9205 level. Further down, support stands at the 0.9150 level. On the whole, the pair has triggered its broader upside following its continued bullish offensive.
