USDCHF sold off on Friday following its bear pressure. This development leaves risk of more decline on the cards. Support comes in at the 0.9050 level. Below here, support lies at the 0.9000 level and then the 0.8950 level. Further down, support comes in at the 0.8900 level. Its daily RSI is bearish and pointing lower suggesting more weakness. On the upside, resistance is seen at the 0.9150 level with a turn above there opening the door for a move towards the 0.9200 level. And then the 0.9250 level. Further up, resistance comes in at the 0.9300 level. All in all, USDCHF remains biased to the downside on further pullback.

USDCHF Bearish, Weakens On Sell Off