USDCHF: Although the pair remains biased to the upside medium term, it now faces bear threats after reversing its previous week losses to close lower. This development leaves USDCHF vulnerable to the downside in the new week with the possibility of targeting the 0.9579 level, its July 05’2012 low. A breach of here will call for a run at the 0.9480 level followed by the 0.9421 level. We expect a c…