USDCHF eyes further downside pressure as it looks to extend its broader downside pressure. Support comes in at the 0.8950 level. Below here, support lies at the 0.8900 level and then the 0.8850 level. Further down, support comes in at the 0.8800 level. Its daily RSI is bearish and pointing lower suggesting further weakness. On the upside, resistance is seen at the 0.9050 level with a turn above there opening the door for a move towards the 0.9100 level. And then the 0.9150 level. Further up, resistance comes in at the 0.9200 level. All in all, USDCHF remains biased to the downside on further strength.
USDCHF Threatens To Weaken Further Lower
by Mohammed Isah | November 7th, 2020
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