USDCHF recently reversed up from the support area lying between the key support level 0.98500 (which has been reversing the price from the end of September), lower daily Bollinger Band and the 38.2% Fibonacci correction of the previous upward impulse from the start of August. Given the moderate bearish sentiment affecting Swiss franc right now – USDCHF is likely to remain under the bullish pressure and to rise toward the next resistance level 0.9950. Strong support remains at the support level 0.98500.