USDCHF: Extends Bullish Offensive, Keeps Up Pressure On The 0.9316 Level


USDCHF: Extends Bullish Offensive, Keeps Up Pressure On The 0.9316 Level (The Week Ahead). USDCHF: The pair closed higher for a fourth consecutive week, setting the stage for further strength as we enter a new week. Its continued upside offensive keeps the rally initiated from the 0.8568 level intact. With this development, its key and nearby resistance stands at the 1.9316 level, its Oct’2011 high having taken out the 0.9234 level the past week. A violation of the 0.9316 level will resume its

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