Dominant bias: Neutral
This pair experienced a great deal of volatility last week. Price went up on Monday, and then dropped seriously from Tuesday to Thursday. On Friday, price spiked upwards and immediately following that, got corrected to the downside. The high volatility and short-term swings in the market have cancelled any directional bias on the market, not because of any equilibrium conditions, but because neither bulls nor bears are able to dominate protractedly in spite of the fact that momentum is currently high. This pair would be characterized by high momentum this month, and it would be difficult for it to rally protractedly as long as USD is strong.
Dominant bias: Bullish
Despite the fact that bearish attempts caused the support levels at 0.9550 to be tested a few times last week, USDCHF was able to maintain its bullishness.