usd/chf weekly short time buy then down

While USDCHF may be biased to the upside, it is finding it hard to overcome its key psycho level at the 0.9000 level. That level has been tested two times and held suggesting price could turn lower as long as that zone continues to hold as resistance. On the downside, support comes in at the 0.8919 level where a violation if seen will aim at the 0.8850 level. Below here will pave the way for a run at the 0.8800 level with a cut through there targeting the 0.8750 level. Further down, support lies at the 0.8700 level. On the upside, resistance resides at the 0.9000 level where a reversal of roles is envisaged. However, if this fails, expect further upside pressure to develop towards the 0.9036/50 levels. A breather may occur here and turn the pair lower but if broken it will aim at the 0.9100 level with a close above here setting the stage for a move higher towards the 0.9150 level. All in all, the pair remains biased to the upside in the short term.