USDCHF: With the pair remaining vulnerable to the downside and extending its weakness during Thursday trading session, we look for more decline to occur. On the downside, support lies at the 0.9450 level with a break targeting the 0.9400 level and then the 0.9350 level.
Further down, support comes in at the 0.9300 level. A cut through here will target the 0.9250 level. Its daily RSI is bearish and pointing lower supporting this view. On the upside, resistance resides at the 0.9532 level where a break will aim at the 0.9595 level.
Further out, resistance resides at the 0.9650 level. A breather may occur here and turn the pair lower. All in all, the pair remains biased to the downside on correction