USDCHF reversing almost all of its previous week gains at the end of the week, it now faces further weakness. As long as it can trade and hold below the 0.9000 point, the above view remains intact. Support
lies at the 0.8907 point followed by the 0.8859 point. A cut through here will target the 0.8800 point where a violation will open the door for more weakness towards the 0.8742 point. A turn below here will set the stage for a run at the 0.8700 point. On the upside, resistance resides at the 0.9000 point where a break will retarget the 0.9050 point. A breather may occur here and turn the pair lower but if broken it will aim at the 0.9100 point with a close above here paving the way for a run at the 0.9150 point. finally the pair down shorttime.
lies at the 0.8907 point followed by the 0.8859 point. A cut through here will target the 0.8800 point where a violation will open the door for more weakness towards the 0.8742 point. A turn below here will set the stage for a run at the 0.8700 point. On the upside, resistance resides at the 0.9000 point where a break will retarget the 0.9050 point. A breather may occur here and turn the pair lower but if broken it will aim at the 0.9100 point with a close above here paving the way for a run at the 0.9150 point. finally the pair down shorttime.
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