USD/CHF: The pair rallied to close higher the past week, further bullishness is envisaged. On the downside, support lies at the 0.9700 level. A turn below here will open the door for more weakness towards the 0.9650 level and then the 0.9600 level.
Its weekly RSI is bearish and pointing lower supporting this view. On the upside, resistance resides at the 0.9850 level where a break will clear the way for more strength to occur towards the 0.9900 level. Further out, resistance comes in at the 0.9950 level. All in all, USD/CHF remains biased to the upside on corrective recovery.
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