USDCHF- Consolidates, Vulnerable.
USDCHF: With USDCHF vulnerable on corrective weakness, it may see further downside in the new week. However, if this fails to occur, expect the pair to recapture the 0.9566 level. A cut through here will mean further upside offensive towards the 0.9773 level, its weekly ema. Further out, resistance stands at the 0.9850 level. Conversely, support lies at the 0.9388 level where a reversal of roles is likely to occur and turn the pair higher. On the other hand, if broken additional weakness will aim at the 0.9300 level and then the 0.9184 level where a violation will turn attention to the 0.9100 level. On the whole, the pair continues to hold on to its broader upside offensive.
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