usd/chf weekly technical analysis

USDCHF is biased to the upside in the short term, it will have to decisively break and hold above the 0.8959/65 point to convince the market of continued gain. This if seen will target the 0.9000 point where a violation will aim at the 0.9050 point. A breather may occur here and turn the pair lower but if broken it will pave the
way for a run at the 0.9100 point with a close above here targeting the 0.9150 point. Its weekly RSI is bullish and pointing higher supporting this view. Conversely, its support at the 0.8900 point with the 0.8850 point is seen as the next downside objective. Below here will expose the 0.8800 point and then the 0.8742 point. A cut through here will set the stage for a run at the 0.8700 level. finally, the pair remains biased to the upside in the short term but faces pullback risky.