USDCHF Weakens, Broader Bias Remains Lower

USDCHF continues to eye further downside pressure it retains its broader medium term weakness.

Support comes in at the 0.8800 level. Below here, support lies at the 0.8750 level and then the 0.8700 level. Further down, support comes in at the 0.8650 level.

Its daily RSI is bearish and pointing lower suggesting more weakness.

On the upside, resistance is seen at the 0.8850 level with a turn above there opening the door for a move towards the 0.8900 level. And then the 0.8950 level. Further up, resistance comes in at the 0.9000  level.

All in all, USDCHF remains biased to the downside on further weakness.
 

USDCHF Weakens, Broader Bias Remains Lower

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