USD/CHF is expected to trade in a higher range as bias remains bullish. The pair keeps standing firmly above the key support at 0.9655. The rising 20- and 50-period MAs maintains a bullish bias. Moreover, the intraday RSI is rebounding at the neutral level of 50 displaying strong bullish momentum. We do not expect big changes on the intraday view: as long as 0.9655 is not broken, further advance to 0.9760 & 0.9790 is expected.

Trading recommendations:

The pair is trading above its pivot point. It is likely to trade in a wider range as long as it remains above its pivot point. As long as the price holds above its pivot point, long positions are recommended with the first target at 0.9760 and the second target at 0.9790. In the alternative scenario, short positions are recommended with the first target at 0.9585 if the price moves below its pivot points. A break of this target is likely to push the pair further downwards, and one may expect the second target at 0.9560. The pivot point is at 0.9655.

Resistance levels: 0.9760 0.9790 0.9825

Support levels: 0.9625 0.9585 0.9560