Outlook in USDCHF remains on the upside as long as support 0.9300 holds on a weekly closing basis , resistance comes at the 0.9455 levels , a break would open 0.9535 next , further upside will aim the 0.9600 levels ahead of the 0.9750 levels..
On the downside , support comes at the 0.9300 levels (main) , sustained trading – weekly closing – below the 0.9300 levels would only delay the bullish move and turn outlook neutral , but downside correction below the 0.9300 levels should be contained well by the 0.9150/0.8960 levels before the next rise , sustained trading – weekly closing – below the 0.8960 levels will terminate the current bullish trend completely and sooner or later would send the pair below the 0.8700 levels..
In all , as long as support 0.9300 holds on a weekly closing basis , outlook in USDCHF remains on the upside towards the 0.9455 levels a head of the 0.9535 levels , a clear break below the 0.9300 levels will turn outlook neutral and bring consolidation within 0.9300/0.8960 range before the next rise..
Time Frame : Weekly
Bullish Mode : Above 0.9300
Consolidation Mode: Below 0.9300
Bearish Mode : Below 0.8960