Search ForexCrunch

USDCHF: The pair continues to hold on to its upside pressure but now faces price hesitation. On the downside, support lies at the 0.8950 level with a break targeting the 1.8900 level and then the 0.8850 level.

Further down, support comes in at the 0.9000 level. On the upside, resistance resides at the 0.9050 level where a break will aim at the 0.9100 level.

Further out, resistance resides at the 0.9150 level. A breather may occur here and turn the pair lower but if taken out, expect a push towards the 0.9200 level. All in all, the pair remains biased to the downside short term.

USDCHF dollar franc February 2015