USD/CHF is expected to prevail its upside movement. The pair is trading above its rising 20-period and 50-period moving averages, which play support roles and maintain the upside bias. The relative strength index is bullish above its neutrality level at 50 and is heading upwards. Additionally, the pair broke above the upper boundary of the Bollinger Band, which could signal a continuation of a bullish trend.
As long as 0.9690 is support, look for a further upside toward 0.97090 and 0.9875 in extension.
Resistance levels: 0.9790, 0.9875, 0.9950
Support levels: 0.9635, 0.9545, 0.9500
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.