USD/CHF Weekly Outlook
USD/CHF dived to new record low of 0.7065 last week but staged a strong rebound since then as the Swiss Franc pulled back sharply after SNB comments. At short term bottomed is formed at 0.7065 and we’d expect more consolidations above this level for a while. Further rebound is expected initially this week to 0.7801 resistance and above. Though, we’d expect upside to be limited below 0.8081 resistance and bring another fall to extend the consolidations. Below 0.7548 minor support will flip bias back
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