USD/CHF is expected to trade with a bullish bias above 1.0100. The pair stands firmly above its nearest support of 1.0100, and may challenge its next resistance at 1.0175. The process of reaching higher highs and lows remains intact, which should confirm a positive outlook. Besides, the support found at 1.0100 has raised a possibility of a temporary stabilization. To sum up, any consolidations above 1.0100 should be limited before a further advance to 1.0175 and 1.0215.

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 1.0175 and the second target at 1.0215. In the alternative scenario, short positions are recommended with the first target at 1.0065 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 1.0030. The pivot point is at 1.0100.

Resistance levels: 1.0175, 1.0215,1.0245

Support levels: 1.0065,1.0030, 0.9990