The USDCHF continued its bullish momentum yesterday , printed support at the 0.8442 levels , and topped at the 0.8927 levels. This development leaves the pair targeting the 0.8960 levels where a breach will turn focus on the 0.9000 levels , further upside will aim the 0.9040 levels.
On the downside , support comes at the 0.8865 levels ahead of 0.8842 ( main) ,Losing the 0.8842 levels on a daily basis will turn outlook neutral for 0.7999/0.8818 levels . To reverse risks to the downside ; 0.7999 should be lost , If seen , expect the pair to weaken further towards the 0.6998 levels.
In all , as long as 0.8842 holds on a daily basis , the USDCHF will remain based to the upside towards the 0.8960 levels ahead of the 0.9000 levels , Losing the 0.8842 levels will reverse risks towards the 0.7999/0.8818 levels before the next rise….