USD/CHF Intraday: Capped by a bearish trend line. The pair remains on the downside targeting the immediate support at 1.0110. In fact, it has produced a bearish pattern of "lower highs" which helps to maintain the bearish intraday bias. The descending 20-period moving average is also exerting resistance to the pair. U.S. government bonds sank further as rallying oil prices lifted inflation expectations. The benchmark 10-year Treasury yield popped above the 2.500% threshold before settling at 2.478%, its highest closing level since June 26, 2015, up from 2.462% Friday.
Below 1.0115, the next support would be found at 1.0080.
Resistance levels: 1.0195, 1.0215, 1.0245
Support levels: 1.0110, 1.0080, 1.0060
The material has been provided by InstaForex Company - www.instaforex.comFrom www.instaforex.com http://ift.tt/2hoPyjF
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