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USDCHF Pressures Further Downside On Correction Weakness

Oct 11 2017, 10:10 AM (CDT) | FXTechstrategy

USDCHF: With the pair selling off on Tuesday and seen following through lower on Wednesday,  more weakness is envisaged in the days ahead. On the downside, support lies at the 0.9700 level. A turn below here will open the door for more weakness towards the 0.9650 level and then the 0.9600 level. On the upside, resistance resides at the 0.9800 level where a break will clear the way for more strength to occur towards the 0.9850 level. Further out, resistance comes in at the 0.9900 level. Above here if seen will turn attention to 0.9950. All in all, USDCHF faces downside pressure on price weakness.

 

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