USDCHF: With a flat price action trading occurring the past week, risk of an impending corrective pullback continues to loom. On the downside, support lies at the 0.9200 level with a break targeting the 0.9150 level and then the 0.9100 level.
Further down, support comes in at the 0.9050 level. On the upside, resistance resides at the 0.9344 level where a break will aim at the 0.9400 level. Further out, resistance resides at the 0.9450 level. A breather may occur here and turn the pair lower but if taken out, expect a push towards the 0.9500 level. All in all, the pair remains biased to the downside medium term.
