USD/CHF is expected to trade with bearish bias as the key resistance stands at 1.0080. The pair remains weak below its nearest resistance at 1.0080, and is likely to post a new decline to 1.0020. A bearish cross has been identified between the 20-period and 50-period moving averages. Besides, the relative strength index is negative below its neutrality area at 50.
To sum up, as long as 1.0080 holds on the upside, expect a return to 1.0020 and 1.000 in extension.
Resistance levels: 1.0115, 1.0140, 1.0180
Support levels: 1.0020, 1.00, 0.9965
The material has been provided by InstaForex Company - www.instaforex.comFrom www.instaforex.com http://ift.tt/2gf1gAq
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