USDCHF: Looks To Extend Gains On Higher Weekly Close

[Howardquemo]

USDCHF: Having the pair extended its bullish offensive to close higher at the end of the week, more strength is envisaged.

[zwusafmedmtiz2v]

On the downside, support lies at the 0.9900 level.

[zvusafmentezzxu]

A turn below here will open the door for more weakness towards the 0.9850 level and then the 0.9800 level.

[zwusafmedmtiz2v]

Its weekly RSI is bullish and pointing higher suggesting further strength. On the upside, resistance resides at the 1.0000 level where a break will clear the way for more strength to occur towards the 1.0050 level.

[KaffuPaK]

Further out, resistance comes in at the 1.0100 level and then the 1.0150 level. All in all, USDCHF remains biased to the upside on price strength.

http://www.fxtechstrategy.com/wp-content/uploads/2016/05/USDCHFWeekly-3.png