USDCHF driving lower
 

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The US dollar pulls lower as the Swiss franc looks to regain its footing. A close below 0.8100 was an indication of a persistently downbeat mood as sellers doubled down. The next possible move past the psychological level of 0.8000 is on the horizon as the RSI’s push higher might lead to a further downturn. The recent swing high of 0.8060 is a key level to maintain any chance of upward momentum.
 

NZDUSD tests support
 

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The Kiwi is another currency hoping to gain some pips against the progressive greenback. A series of lower lows indicated stiff selling pressure, and successive breaks below 0.5700, followed by a break below 0.5650, showed a lack of follow-through bids, putting the latest buyers on the defensive. A drop below 0.5600 could extend losses for multi-month lows. On the upside, bulls would hope for a rebound towards 0.5700 as the RSI grinds the oversold area.
 

USOIL struggles to break higher
 

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The WTI oil remains in a bearish channel as price action fails to test the previous high. The price is expected to stay above 60.00, as a fall below the previous low of 58.80 will expose further weakness, as short-term buyers will likely close more positions. An acceleration above 60.50 could prompt buyers to attract more buyers to close above 62.00. As the RSI remains undecided, 60.80 is the first resistance to clear, in the hope of filling the weekend gap.

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