USDCHF: With USDCHF strengthening further the past week, further bullish build up is envisaged. its gains on Tuesday, further bullishness is envisaged.
Resistance resides at the 0.9900 level with a breach targeting the 0.9950 level. A breather may occur here and turn the pair lower but if taken out, expect a push higher towards the 1.0000 level. Its weekly RSI is bullish and pointing higher supporting this view.
On the downside, support comes in at the 0.9800 level. A turn below here will open the door for more weakness to occur towards the 0.9750 level and then the 0.9700 level. All in all, the pair remains biased to the upside in the short term.
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