With the USD/CH Fpair seeing price follow through on the back of its Tuesday recovery, more strength is likely in the days ahead. 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. 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. upside pressure, Its daily RSI is bullish and pointing higher suggesting further upside pressure. All in all, USD/CHF faces trend resumption threats.
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