USDCHF Bear Pressure Opens Risk Towards The 0.9181 Zone

USDCHF faces the risk of a further move lower in the week following its past week's weakness. Support comes in at the 0.9181 level. Below here, support lies at the 0.9150 level and then the 0.9100 level.

Further down, support comes in at the 0.9050 level. Its weekly RSI is bearish and pointing lower suggesting further weakness.

On the upside, resistance is located at the 0.9250 level with a turn above here opening the door for a move towards the 0.9300 level and then the 0.9350 level. Further down, support comes in at the 0.9400 level.

All in all, USDCHF remains biased to the downside in the medium term.

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