USDCHF –Weak And Vulnerable.

USDCHF: Corrective pullbacks is continuing as USDCHF remains weak and vulnerable. Now seen below the 0.9591 level, price extension could see it weakening further towards the 0.9500 level or even the 0.9400 level and then the 0.9331 level. However, its broader medium term bias is still valid. This leaves the risk of a return to the 0.9768 level on ending its present correction with a cut through there targeting the 0.9850 level and possibly higher towards the 0.9944 level, its 200 weekly ema. On the whole, the pair remains biased to the upside in the medium term.