USD/CHF declines with eyes on support at 0.9853 level. This is supportive of its current short term weakness. Resistance resides at the 0.9950 level. Above here, resistance lies at the 1.0000 level and then the 1.0050  level. Further out, resistance comes in at the 1.0100 level. On the downside, support is seen at the 0.9850 level with a turn below here setting the stage for more decline towards the 0.9800 level. And then the 0.9750 level.

Further down, support resides at the 0.9700 level. Its daily RSI is bearish and pointing lower suggesting further weakness.  All in all, USD/CHF targets further weakness in the days ahead.

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