USDCHF: The pair rallied the past week to halt its broader weakness and close higher. This development leaves risk higher with eyes on its key resistance located at the 0.9750 level.
On the downside, support lies at the 0.9600 level. A turn below here will open the door for more weakness towards the 0.9550 level and then the 0.9500 level. Its daily RSI is bullish and pointing higher suggesting further recovery.
On the upside, resistance resides at the 0.9700 level where a break will clear the way for more strength to occur towards the 0.9750 level. Further out, resistance comes in at the 0.9800 level.
All in all, USDCHF remains biased to the upside on correction.
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