USDCHF: With the pair having triggered a strong recovery the past week, further bullishness is expected in the new week. 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. Its weekly RSI is bullish and pointing higher suggesting further bullishness. All in all, USDCHF remains biased to the upside on corrective recovery.
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