Technical analysis of USD/CHF for June 29, 2016
USD/CHF is expected to extend its upside movement. The pair stands above its nearest support at 0.9720 and is expected to post a new rise. Meanwhile, both the rising 20-period and 50-period moving averages are playing support roles. Besides, the relative strength index is bullish above its neutrality area at 50 and lacks downward momentum. […]