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USDCHF Remains On The Offensive With Eyes On 1.0027 Level


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USDCHF Remains On The Offensive With Eyes On 1.0027 Level

USDCHF remains on the offensive with eyes on 1.0027 resistance zone. Resistance comes in at the 1.0050 level. Above here, resistance lies at the 1.0100 level and then the 1.0150 level. Further out, resistance stands at the 1.0200 level. On the downside, support comes in at the 0.9950 level with a turn below here opening the door for a move towards the 0.9800 level. And then followed by the 0.9750 level. Further down, support resides at the 0.9700 level. Its weekly RSI is bullish and pointing higher suggesting further strength. All in all, USDCHF remains biased to the upside nearer term.



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Mohammed Isah is a Technical Strategist and head of research at FXTechstrategy.com, a technical research website. He has been trading and analyzing the foreign exchange market for the past 7 years.

He formerly traded stocks before crossing over to the forex market where he worked for FXInstructor LLC as a technical analyst and head of research before Joining FXTechstrategy.com. Mohammed has written extensively on the forex market and technical analysis and his articles have been featured in The Technical Analyst Magazine, The Forex Journal MagazineThestreet.com, MoneyShow, The Technical analysis of Stocks & Commodities Magazine, Businessinsider and FXstreet.com

At FXTechstrategy.com he writes daily and weekly technical commentaries on currencies and commodities which are offered to its clients. He provides full coverage of the forex market with specific daily focus on 7 currencies (EURUSD, GBPUSD, USDJPY, EURGBP, EURJPY, AUDUSD and USDCAD) and the Dollar Index utilizing various technical tools and strategies. He also covers the commodities market twice in a week focusing on in-depth technical developments in GOLD, CRUDE OIL, SILVER, CORN, WHEAT and CRB Index.

Mohammed can be reached via email at m.isah@fxtechstrategy.com.

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