USD/CHF is expected to post some upside gains as the bias remains bullish. The pair has broken above the 50-period moving average and remains on the upside. At the same time, the prices are supported by a bullish trend line since July 7. Besides, the relative strength index is above its neutrality area at 50 and lacks downward momentum. In this case, as long as 0.9795 is not broken, the intraday outlook stays positive with targets at 0.9865 and 0.9895 in extension. Alternatively, below 0.9795, look for further downside with 0.9765 and 0.9735 as targets.
Resistance levels: 0.9865, 0.9895, 0.9945
Support levels: 0.9765 , 0.9735, 0.9710
The material has been provided by InstaForex Company – www.instaforex.com Source: Instaforex.com
USD/CHF is expected to post some upside gains as the bias remains bullish. The pair has broken above the 50-period moving average and remains on the upside. At the same time, the prices are supported by a bullish trend line since July 7. Besides, the relative strength index is above its neutrality area at 50 and lacks downward momentum. In this case, as long as 0.9795 is not broken, the intraday outlook stays positive with targets at 0.9865 and 0.9895 in extension. Alternatively, below 0.9795, look for further downside with 0.9765 and 0.9735 as targets.
Resistance levels: 0.9865, 0.9895, 0.9945
Support levels: 0.9765 , 0.9735, 0.9710
The material has been provided by InstaForex Company – www.instaforex.com
Source: Instaforex.com
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