Outlook in USDCHF has turned neutral with risk to the upside as long as 0.9700 support holds on a daily closing basis , a failure to hold below the 0.9700 levels could mean a return to the 0.9800 levels , a halt is likely , but a break would open 0.9870 next , further upside will aim the 0.9970/1.000 levels.
On the downside , support comes at the 0.9700 levels , losing this level on a daily closing basis will reverse risk towards the 0.9529 levels before the next rise .
In all , as long as 0.9700 support holds on a daily closing basis , outlook in USDCHF remains on the upside towards the 0.9800 levels ahead of the 0.9870 levels , below 0.9700 will reverse risk towards the 0.9600/0.9530 levels before the next possible rise .
Intraday forecast: the pair remains under pressure as long as 0.9720 resistance holds on a 4 hour closing basis , sustained trading above the 0.9720 levels will restore the upside momentum and open 0.9800 levels..
In the medium term forecast , as long as support 0.9661 holds on a weekly closing basis , outlook in USDCHF remains on the upside towards the 0.9920 levels ahead of the 1.0070/1.0240 levels .below 0.9661 will bring pullback towards the 0.9360 levels before the next rise!!